# accounting

"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.

1. 👍 0
2. 👎 0
3. 👁 328
1. managerial accounting eh? good luck

1. 👍 0
2. 👎 0
posted by zeeshan

## Similar Questions

1. ### math

The Math-Is-Fun T-shirt Company manufactures and sells screen-printed t-shirts. The fixed costs of operation for the company are \$75,750 per month. T-shirts are sold to wholesale buyers for \$8.99 each, but only cost the company

asked by fay on July 6, 2012
2. ### accounting

Multiple choice 1. The type of product costing system used by a company is dictated by the : a) plant supervisor b) project manager c) company president d) production process 2. Activity based costing traces production costs to a)

asked by john on February 15, 2008
3. ### managerial accounting

32) Sarker manufacturing company produces and sells 40,000 units of a single product. Variable costs total \$80,000 and fixed costs total \$120,000. If each unit is sold for \$8, what markup percentage is the company using?

asked by Anonymous on November 26, 2011
4. ### Finance

Sarker manufacturing company produces and sells 40,000 units of a single product. Variable costs total \$80,000 and fixed costs total \$120,000. If each unit is sold for \$8, what markup percentage is the company using? A. 60.0% B.

asked by Anonymous on November 26, 2011
5. ### Math

A company reaches the break - even point when its total revenue equals its total cost. The company sells their product at \$ 25 per unit. If their total cost is \$ 3,000 plus a unit cost of \$ 12 , does the company break - even when

asked by John on September 15, 2011
6. ### operations management

A company requires 5,000 units of a product in a single year. It costs them \$100 per order for expenses such as transportation and communication. If the product is carried in inventory, the carrying cost equals 1% of the price of

asked by carey on April 29, 2010

Fortune 500 company that sells computer chips. A little company in the mid-west keeps underselling your company’s product. In response, you lower your product’s price, but only in the mid-west. The U.S. government declares

asked by carol on March 13, 2014
8. ### accounting

The accounting records of NuTronics, Inc., include the following information for the year ended December 31, 2011. Dec. 31 Jan. 1 Inventory of materials \$ 24,000 \$ 20,000 Inventory of work in process 8,000 12,000 Inventory of

asked by alexis on January 22, 2013
9. ### accounting

Mendez Company currently produces and sells 20,000 units of product at a selling price of \$10. The product has variable costs of \$4 per unit and fixed costs of \$50,000. The company currently earns a total contribution margin of?

asked by Anonymous on March 26, 2012
10. ### ds 71

A company sells its product for \$79. The company has marginal costs of \$37 and annual fixed costs of \$95,000. What is the annual total cost to produce 8,500 units of its product?

asked by niki on February 9, 2015

More Similar Questions