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Contribution Format Income Statement Assignment | Top Universities

Author:
March 16th, 2020

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 51,000 to 91,000 units is given below:Top Universities

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Units Produced and Sold
51,000 71,000 91,000
Total costs:
Variable costs $112,200
Fixed costs 380,000
Total costs $492,200 $0 $0
Cost per unit:
Variable cost
Fixed cost
Total cost per unit $0.00 $0.00 $0.00

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 81,000 units during the year at a selling price of $8.55 per unit. Prepare a contribution format income statement for the year

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