Question: Exercise 18-16 (Algo) Computing variable and fixed costs LO C2 Harrison Company expects to sell 160,000 units of its product next year, which would generate

 Exercise 18-16 (Algo) Computing variable and fixed costs LO C2 Harrison

Exercise 18-16 (Algo) Computing variable and fixed costs LO C2 Harrison Company expects to sell 160,000 units of its product next year, which would generate total sales of $12,960,000. Management predicts that income for next year will be $1,210,000 and that the contribution margin per unit will be $29. Complete the below table to calculate the next year's expected variable costs and fixed costs. HARRISON COMPANY Forecasted Contribution Margin Income Statement Units $ per unit 160,000 Contribution margin $ 29

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