Don't give answer in image format Harris Company manufactures and sells a single product. A partially completed scheduleof the company's total costs and costs per unit over the relevant range of 61,000 to101,000 units is given below:Required:1. Complete the schedule of the company's total costs and costs per unit as given in therelevant tab below.2. Assume that the company produces and sells 91,000 units during the year at a sellingprice of $9.70 per unit. Prepare a contribution format income statement for the year.Complete this question by entering your answers in the tabsbelow.Required 1 Required 2Complete the schedule of the company's total costs and costs per unit asgiven in the relevant tab below. (Round the per unit variable cost andfixed cost to 2 decimal places.)Total costVariable costFixed costTotal costCost per unit:Variable costFixed costTotal cost per unit61,000 UnitsProduced andSold$$176,900470,000646,90081,000 UnitsProduced andSold101,000 UnitsProduced andSoldRequired 2 >Show less A Harris Company manufactures and sells a single product. A partially completed scheduleof the company's total costs and costs per unit over the relevant range of 61,000 to101,000 units is given below:Required:1. Complete the schedule of the company's total costs and costs per unit as given in therelevant tab below.2. Assume that the company produces and sells 91,000 units during the year at a sellingprice of $9.70 per unit. Prepare a contribution format income statement for the year.Complete this question by entering your answers in the tabs below.Required 1Assume that the company produces and sells 91,000 units during the year ata selling price of $9.70 per unit. Prepare a contribution format incomestatement for the year.Note: Round your intermediate calculations to 2 decimal places.Required 2Harris CompanyContribution Format Income Statement< Required 1Show less A

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Description: Don't give answer in image format Harris Company manufactures and sells a single product. A partially completed scheduleof the company's total costs and costs per unit over the relevant range of 61,000 to101,000 units is given below:Required:1. Compl

Variable cost is the cost that changes with change in the activity of cost driver used. The variable…

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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 61,000 to 101,000 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 91,000 units during the year at a selling price of $9.70 per unit. Prepare a contribution format income statement for the year.

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 61,000 to 101,000 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 91,000 units during the year at a selling price of $9.70 per unit. Prepare a contribution format income statement for the year.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...

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Using the information in the previous exercises about Marleys Manufacturing, determine the operating income for department B, assuming department A sold department B 1,000 units during the month and department A reduces the selling price to the market price.
Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 2.70 is direct materials and 5.30 is overhead. What is the prime cost per unit? Conversion cost per unit?
Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Refer to Exercise 2.21. Last calendar year, Ellerson recognized revenue of 1,312,000 and had selling and administrative expenses of 204,600. Required: 1. What is the cost of goods sold for last year? 2. Prepare an income statement for Ellerson for last year.
Wyandotte Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 256,900, direct labor cost was 176,000, and overhead cost was 308,400. There were 40,000 units produced. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 6.62 is direct materials and 7.71 is overhead. What is the prime cost per unit? Conversion cost per unit?
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 58,000 to 98,000 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 88,000 units during the year at a selling price of $10.83 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.) 58,000 Units Produced and Sold 78,000 Units Produced and Sold 98,000 Units Produced and Sold Total costs: $ $ Variable costs Fixed costs Total costs Cost per unit: Variable cost Fixed cost Total cost per unit 220,400 470,000 690,400
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 59,000 to 99,000 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 89,000 units during the year at a selling price of $11.10 per unit. Prepare a contribution format income statement for the year. Units Produced and Sold 59,000 79,000 99,000 Total costs: Variable cost $230,100 not attempted not attempted Fixed cost 490,000 not attempted not attempted Total costs $720,100 $0 $0 Cost per unit: Variable cost not attempted not attempted not attempted Fixed cost not attempted not attempted not attempted Total cost per unit $0.00 $0.00 $0.00 Harris Company Contribution Format Income Statement Salesselected answer correct…
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 $8.65 per unit. Prepare a contribution format Income statement for the year. Complete this question by entering your answers in the tabs below. Required 1 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.) Total cost: Variable cost Fixed cost Total cost Cost per unit: Variable cost Required 2 Fixed cost Total cost per unit S S S 66,000 Units Produced and Sold 198,000 400,000 598,000 S 0.00 S 86,000 10 S 0.00 S 106,000 0.00 2
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 59,000 to 99,000 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 89,000 units during the year at a selling price of $9.98 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.) Total cost: Variable cost Fixed cost Total cost Cost per unit: Variable cost Fixed cost Total cost per unit 59,000 Units Produced and Sold $ $ $ 79,000 Units Produced and Sold 171,100 480,000 651,100 $ 0.00 $ 99,000 Units Produced and Sold…
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 57,000 to 97,000 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 87,000 units during the year at a selling price of $7.69 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.) Total cost: Variable cost Fixed cost Total cost Cost per unit: Variable cost Fixed cost Total cost per unit $ $ 57,000 Units Produced and Sold 77,000 136,800 330,000 466,800
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 63,000 to 103,000 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 93,000 units during the year at a selling price of $9.14 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.) Total costs: Variable costs Fixed costs Total costs Cost per unit: Variable cost Fixed cost Total cost per unit 63,000 Units Produced and Sold $ $ $ 83,000 Units Produced and Sold 163,800 460,000 623,800 $ 0.00 $ 103,000 Units Produced and…
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 53,000 to 93,000 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 83,000 units during the year at a selling price of $9.29 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 Required 1 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.) Total cost Variable cost Fixed cost Total cost Cost por unit: Required 2 Variable cost Fixed cost Total cost per unit 53,000 Units Produced and Sold $ S $ Required 1 Required 2 73,000 Units Produced and Sold 185,500 350,000…
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 64,000 to 104,000 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 94,000 units during the year at a selling price of $8.62 per unit. Prepare a contribution format income statement for the year. Answer is complete but not entirely correct. 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 64,000 84,000 104,000 Total costs: Variable costs $ 198,400 260,400 V 322,400 O Fixed costs 380,000 630,000 X 780,000 X Total costs 2$ 578,400 $ 890,400 $ 1,102,400 Cost…