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March 29, 2015

Homework Help: accounting

Posted by denise on Thursday, June 3, 2010 at 5:43am.

"Harris Company manufactures and sells a single product. A partically completed schedule of the company's total and per unit cost over the relevant range of 30,000 to 50,000 per units produced and sold are:
United produced and Sold: 30,000 ; 40,000; 50,000

Total costs:
Variable costs: @ 30,000 = $180,000
Fixed costs: @ 30,000 = 300,000
Total costs: = $480,000

Cost per unit:
Variable costs: @ 30,000 = $6
Fixed costs: @ 30,000 = $10
Total per units costs: @ 30,00 = $16

What are total costs for 40,000 and 50,000?

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.

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