## Answers

Units Produced | ||||

63,000 | 83,000 | 1,03,000 | ||

Total Costs: | ||||

Variable Costs | $ 252,000 | $ 332,000 | $ 412,000 | |

Fixed Costs | $ 370,000 | $ 370,000 | $ 370,000 | |

Total Costs: | $ 622,000 | $ 702,000 | $ 782,000 | |

Cost per Unit: | ||||

Variable Cost | $ 4.00 | $ 4.00 | $ 4.00 | |

Fixed Cost | $ 5.87 | $ 4.46 | $ 3.59 | |

Total Cost per unit | $ 9.87 | $ 8.46 | $ 7.59 | |

Notes to Schedule: | ||||

Variable Cost per unit = Total variable Costs ÷ Units produce | ||||

V.C per unit = $252,000 ÷ 63,000 = $ 4 per unit at each level of output | ||||

Fixed Cost per unit= Total Fixed Cost ÷ Level of output | ||||

F.C per unit at 63,000 of output = $370,000 ÷ 63,000 = $ 5.87 per unit | ||||

F.C per unit at 83,000 of output = $370,000 ÷ 83,000 = $ 4.46 per unit | ||||

F.C per unit at 103,000 of output = $370,000 ÷ 103,000 = $ 3.59 per unit |

Harris Company | |

Contribution Format Income Statement | |

Sales Revenue (93,000 units @ $9.46 per unit) | $ 879,780 |

Less: Variable Costs: (93,000 units @ $4 per unit) | $ 372,000 |

Contribution Margin | $ 507,780 |

Less: Fixed Costs | $ 370,000 |

Operating Income/Profit | $ 137,780 |

Fixed Cost per unit= Total Fixed Cost ÷ Level of output | |

At 93,000 level of Output= $370,000 ÷ 93,000 = $3.98 per unit |

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