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 company's total costs and costs per unit over the relevant range of 30,000 to 50,000 units is given below: Units Produced and Sold 50,000 40,000 30,000 Total costs: Variable cost $180,000 ? Fixed cost ? ? 300,000 Total cost $480,000 ? Costs per unit: ? ? Variable cost ? Fixed cost ? Total co ? unt Required: 1. Complete the above schedule of the company's total costs and costs per unit. 2. Assume that the company produces and sells 45,000 units during the year at a selling price of $16 per unit. Prepare a contribution format income statement for the year. -HH -H -H EXERCISE 1-15 Traditional and Contribution Format Income Statements L01-6 The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Amount $150,000 $750 $50 Sales Selling price per pair of skis Variable selling expense per pair of skis. Variable administrative expense per pair of skis. Total fixed selling expense Total fixed administrative expense. $10 $20,000 $20,000 $30,000 $40,000 $100,000 Beginning merchandlse inventory Ending merchandise inventory. Merchandise purchases.. Required: 1. Prepare a traditional income statement for the quarter ended March 31 2. Prepare a contribution format income statement for the quarter ended March 31 What was the contribution margin per unit? 3