A partially completed schedule of the companys total and, Ask an Expert

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A partially completed schedule of the company's total and per unit costs over the relevant range of 65,000 to 105,000 units produced and sold annually is given. Complete the schedule of the company's total and unit costs below (Round the "total costs" to the nearest dollar amount and the "cost per unit" to 2 decimal places. Omit the "$" sign in your response) :

	Units Produced and Sold
	69,000	89,000	109,000
Total costs:
Variable costs	$269,100	$	$
Fixed costs	380,000
Total costs	$649,100	$	$
Cost per unit:
Variable cost	$	$	$
Fixed cost
Total cost per unit	$	$	$

Assume that the company produces and sells 99,000 units during the year at a selling price of $9.17 per unit. Prepare a contribution format income statement for the year. (Input all amounts as positive values. Omit the "$" sign in your response.)

Income Statement For the Year Ended
(Click to select)SalesContribution marginFixed expenseVariable expensesCost of goods sold	$
(Click to select)Fixed expenseVariable expensesSalesCost of goods soldContribution margin
(Click to select)Variable expensesSalesCost of goods soldContribution marginFixed expense
(Click to select)Contribution marginVariable expensesCost of goods soldSalesFixed expense
(Click to select)Net operating lossNet operating income	$

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9962042

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