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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. (Round the per unit variable cost and fixed cost to 2 decimal places.)

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Answer:

The below is missing from the question:

                    Units Produced & Sold

                              30,000   40,000  50,000

Total Costs    

Variable Costs   $153700      ?            ?

Fixed Costs      370000      ?            ?

Total Costs      $523700        ?            ?

Cost per Unit    

Variable Cost            ?              ?          ?

Fixed Cost            ?               ? ?

Total Unit per Cost   ?                ? ?

2.  

Assume that the company produces and sells 43,000 units during the year at a selling price of $8.97 per unit. Prepare a contribution format income statement for the year.

                           Harris Company

Contribution Format Income Statement

Sales                                   ?

Variable Expenses                 ?

Contribution Margin         ?

Fixed Expense                 ?

Net Operating Income         ?

This question is better answered using excel file.hence find attached.

Explanation:

Points to note:

Variable cost per unit $5.12

Hence total variable cost at each level of output, is that level of output multiplied by $5.12

Total fixed costs remain the same over the different level of output,however the higher the level of output the lower the fixed cost per unit as the same total fixed cost is absorbed by more output

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