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·18SP-ACCT ×\' Connect s://newconnect.mheducation.com/flow/connect.html nework Set Saved Help Save & Exit Check my 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 56,000 to 96,000 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 86,000 units during the year at a selling price of $9.22 per unit. Prepare a contribution format income statement for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the schedule of the company\'s total costs and costs per unit as given in the relevant tab below. (Round the per unit variable cost and fixed cost to 2 decimal places.) Units Produced and Sold 56,000 76,000 Total costs: Variable costs 128,800 188.800 450,000 578,800 638,800$ 450,000 Fxed costs 450,000 450,000 Total costrs Cost per unit Variable cost Fixed cost Prex 6 of 7 Next>

Solution

Variable cost/unit and Total fixed cost do not change with change in units.

	56000	76000	96000
Total costs:
Variable cost	128800	174800	220800
Fixed cost	450,000	450,000	450,000
Total cost	578800	624800	670800
Cost per unit
Variable cost	2.3	2.3	2.3
Fixed cost	(450,000/56000)=$8.04	(450,000/76000)=$5.92	(450,000/96000)=$4.69
Total cost	10.34	8.22	6.99