Harris Company manufactures and sells a single product. A partially completed schedule of the company's total...
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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 69,000 to 109,000 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 99,000 units during the year at a selling price of $9.82 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.) 69,000 Units Produced and Sold 89,000 Units Produced and Sold 109,000 Units Produced and Sold Total cost: Variable cost $ 220,800 Fixed cost 500,000 534,000 414,000 5 4 Total cost $ 720,800 $ 948,000 $ 9 Cost per unit: Variable cost Fixed cost Total cost per unit $ 0.00 $ 0.00 $ 0.00 Required 1 Required 2 > Required 1 Required 2 Assume that the company produces and sells 99,000 units during the year at a selling price of $9.82 per unit. Prepare a contribution format income statement for the year. Note: Round your intermediate calculations to 2 decimal places. Harris Company Contribution Format Income Statement < Required 1 Required 2 > Cherokee Incorporated is a merchandiser that provided the following information: Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Amount 11,000 $ 18 $ 2 $ 2 $ 21,000 $ 14,000 $ 10,000 $ 23,000 $ 89,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a traditional income statement. Cherokee, Incorporated Traditional Income Statement Selling and administrative expenses: 0 < Required 1 Required 2 > Required 1 Required 2 Required 2 Prepare a contribution format income statement. Cherokee, Incorporated Contribution Format Income Statement Variable expenses: Fixed expenses: 0 0 < Required 1 Required 2 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 69,000 to 109,000 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 99,000 units during the year at a selling price of $9.82 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.) 69,000 Units Produced and Sold 89,000 Units Produced and Sold 109,000 Units Produced and Sold Total cost: Variable cost $ 220,800 Fixed cost 500,000 534,000 414,000 5 4 Total cost $ 720,800 $ 948,000 $ 9 Cost per unit: Variable cost Fixed cost Total cost per unit $ 0.00 $ 0.00 $ 0.00 Required 1 Required 2 > Required 1 Required 2 Assume that the company produces and sells 99,000 units during the year at a selling price of $9.82 per unit. Prepare a contribution format income statement for the year. Note: Round your intermediate calculations to 2 decimal places. Harris Company Contribution Format Income Statement < Required 1 Required 2 > Cherokee Incorporated is a merchandiser that provided the following information: Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Amount 11,000 $ 18 $ 2 $ 2 $ 21,000 $ 14,000 $ 10,000 $ 23,000 $ 89,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a traditional income statement. Cherokee, Incorporated Traditional Income Statement Selling and administrative expenses: 0 < Required 1 Required 2 > Required 1 Required 2 Required 2 Prepare a contribution format income statement. Cherokee, Incorporated Contribution Format Income Statement Variable expenses: Fixed expenses: 0 0 < Required 1 Required 2
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Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
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