Exercise 1-11 Cost Behavior; Contribution Format Income Statement [LO1-4, LO1-6]

Harris Company manufactures and sells a single product. A partially completed schedule of the companys total costs and costs per unit over the relevant range of 54,000 to 94,000 units is given below:

Required:

1. Complete the schedule of the companys total costs and costs per unit as given in the relevant tab below.

2. Assume that the company produces and sells 84,000 units during the year at a selling price of $10.14 per unit. Prepare a contribution format income statement for the year.