Question: Hello! Im having trouble completing this practice problem. Any help is greatly appreciated. Table 1 Table 2 Table 2 answer options: Administrative expenses Beginning merchandise

Hello! Im having trouble completing this practice problem. Any help is greatly appreciated.

Table 1

Hello! Im having trouble completing this practice problem. Any help is greatly

Table 2

appreciated. Table 1 Table 2 Table 2 answer options: Administrative expenses Beginning

Table 2 answer options:

  • Administrative expenses
  • Beginning merchandise inventory
  • Cost of goods sold
  • Direct labor
  • Direct materials
  • Ending merchandise inventory
  • Fixed expense
  • Indirect labor
  • Indirect materials
  • Manufacturing overhead
  • Purchases
  • Sales
  • Selling expenses
  • Variable expenses

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 50,000 to 90,000 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 80,000 units during the year at a selling price of $9.84 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.) Units Produced and Sold 50,000 70,000 90,000 $ 185,000 360,000 545,000 $ 0 $ 0 Total costs: Variable cost Fixed cost Total costs Cost per unit: Variable cost Fixed cost Total cost per unit $ 0.00 $ 0.00 EA 0.00 Required 1 Required 2 Assume that the company produces and sells 80,000 units during the year at a selling price of $9.84 per unit. Prepare a contribution format income statement for the year. Harris Company Contribution Format Income Statement

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!