Question
In: Accounting
Harris Company manufactures and sells a single product. A partially completed schedule of the company’s total...
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 52,000 to 92,000 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 82,000 units during the year at a selling price of $9.55 per unit. Prepare a contribution format income statement for the year.
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.)
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Assume that the company produces and sells 82,000 units during the year at a selling price of $9.55 per unit. Prepare a contribution format income statement for the year.
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Solutions
ekkarill92 answered 2 years agoRelated Solutions
Harris Company manufactures and sells a single product. A partially completed schedule of the company’s total...
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 66,000 to 106,000 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 96,000 units
during the year at a selling price of $8.55 per unit. Prepare a
contribution format income...
Harris Company manufactures and sells a single product. 1. A partially completed schedule of the company’s...
Harris Company manufactures and
sells a single product.
1.
A partially completed schedule of the company’s total and per
unit costs over the relevant range of 53,000 to 93,000 units
produced and sold annually is given below: Complete the schedule of
the company’s total and unit costs. (Round the variable
cost and fixed cost to 2 decimal places.)
Units
Produced &
Sold
53000
73000
93000
Total Costs
Variable Costs
$153700
?
?
Fixed Costs
370000
?
?
Total Costs
$523700...
arris Company manufactures and sells a single product. A partially completed schedule of the company’s total...
arris 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 59,000 to 99,000 units is given
below: Required: 1. Complete the above schedule of the company’s
total costs and costs per unit. 2. Assume that the company produces
and sells 89,000 units during the year at a selling price of $8.45
per unit. Prepare a contribution format income statement for the
year.
Harris Company manufactures and sells a single product. Required: 1. A partially completed schedule of the...
Harris Company manufactures and
sells a single product.
Required:
1.
A partially completed schedule of the company’s total and per
unit costs over the relevant range of 64,000 to 104,000 units
produced and sold annually is given below: Complete the schedule of
the company’s total and unit costs. (Round the variable
cost and fixed cost to 2 decimal places.)
Units produced and sold
64,000
84,000
104,000
Total Costs:
variable costs
$147,200
fixed costs
460,000
total costs
607,200
Cost per unit:...
Kings, Inc. manufactures and sells a single product. A partially completed schedule of the company’s total...
Kings, Inc. manufactures and sells a single product. A partially
completed schedule of the company’s total and per unit costs over
the relevant range of 30,000 to 50,000 units produced and sold
annually is given below. Complete the schedule of the company’s
total and unit costs above.
Units Produced and Sold
30,000
40,000
50,000
Total Costs:
Variable costs
$180,000
?
?
Fixed Costs
$300,000
?
?
Total Costs
$480,000
?
?
Cost per unit:
Variable Cost
?
$4.50
?
Fixed...
Harris Company manufactures and sells a single product.
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: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
Lynch Company manufactures and sells a single product. The following costs were incurred during the company’s...
Lynch Company manufactures and sells a single product. The
following costs were incurred during the company’s first year of
operations:
Lynch Company manufactures and sells a single product. The
following costs were incurred during the company’s first year of
operations:
Variable costs per unit:
Manufacturing:
Direct materials
$
11
Direct labor
$
5
Variable manufacturing overhead
$
2
Variable selling and administrative
$
2
Fixed costs per year:
Fixed manufacturing overhead
$
350,000
Fixed selling and administrative
$
260,000
During...
Lynch Company manufactures and sells a single product. The following costs were incurred during the company’s...
Lynch Company manufactures and sells a single product. The
following costs were incurred during the company’s first year of
operations:
Variable costs per unit:
Manufacturing:
Direct materials
$
11
Direct labor
$
8
Variable manufacturing overhead
$
1
Variable selling and administrative
$
1
Fixed costs per year:
Fixed manufacturing overhead
$
420,000
Fixed selling and administrative
$
330,000
During the year, the company produced 30,000 units and sold
25,000 units. The selling price of the company’s product is $54...
Lynch Company manufactures and sells a single product. The following costs were incurred during the company’s...
Lynch Company manufactures and sells a single product. The
following costs were incurred during the company’s first year of
operations:
Variable costs
per unit:
Manufacturing:
Direct
materials
$
11
Direct
labor
$
5
Variable
manufacturing overhead
$
2
Variable selling
and administrative
$
2
Fixed costs per
year:
Fixed
manufacturing overhead
$
350,000
Fixed selling
and administrative
$
260,000
During the year, the company produced 35,000 units and sold
25,000 units. The selling price of the company’s product is $46...
Lynch Company manufactures and sells a single product. The following costs were incurred during the company’s...
Lynch Company manufactures and sells a single product. The
following costs were incurred during the company’s first year of
operations:
Variable costs per unit:
Manufacturing:
Direct materials
$
12
Direct labor
$
9
Variable manufacturing overhead
$
2
Variable selling and administrative
$
2
Fixed costs per year:
Fixed manufacturing overhead
$
403,000
Fixed selling and administrative
$
313,000
During the year, the company produced 31,000 units and sold
26,000 units. The selling price of the company’s product is $55...
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