Question: 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

 EXERCISE 1-11 Cost Behavior, Contribution Format Income Statement LO1-4,LO1-6 Harris Company

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: 30 Total costs: $180,000 300,000 Total cost$480,000 Varilable cost .., Fixed cost Costs per unit Variable cost Fixed cost.... Total cost per unit ? ....- 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

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