Question: Exercise 1-11 (Algo) Cost Behavior; Contribution Format Income Statement [LO1-4, LO1-6] Harris Company manufactures and sells a single product. A partially completed schedule of
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Exercise 1-11 (Algo) Cost Behavior; Contribution Format Income Statement [LO1-4, LO1-6] Harris Company manufactures and sells a single product. A partially completed schedule of the company's total costs and costs per unit over the relevant range of 59,000 to 99,000 units is given below: Required: 1. Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. 2. Assume that the company produces and sells 89,000 units during the year at a selling price of $9.83 per unit. Prepare a contribution format income statement for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. (Round the per unit variable cost and fixed cost to 2 decimal places.) 59,000 Units Produced and Sold 79,000 Units Produced and Sold 99,000 Units Produced and Sold Total cost: Variable cost $ 147,500 Fixed cost 500,000 Total cost $ 647,500 $ 0 $ 0 Cost per unit: Variable cost Fixed cost Total cost per unit 0.00 $ 0.00 $ 0.00 Required 1 Required 2 >
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