A partially completed schedule of the company\'s total and per unit costs over a relevant range of 58,000 to 98,000 units produced and sold each year is given below. Complete the schedule of the company\'s total and unit costs. (Round the \"Cost per unit\" to 2 decimal places.) Units Produced and Sold Assume that the company produces and sells 88,000 units during the year at the selling price of $9.23 per unit. Prepare a contribution format income statement for the year. (Input all amounts as positive values except losses which should be indicated by a minus sign.) Solution Hi, Please find the detailed answer as follows: Part A: Part B: .

1. A partially completed schedule of the company's total and per unit costs over a relevant range of
58,000 to 98,000 units produced and sold each year is given below. Complete the schedule of the
company's total and unit costs. (Round the "Cost per unit" to 2 decimal places.)
Units Produced and Sold
Assume that the company produces and sells 88,000 units during the year at the selling price of
$9.23 per unit. Prepare a contribution format income statement for the year. (Input all amounts
as positive values except losses which should be indicated by a minus sign.)
A partially completed schedule of the company's total and per unit costs over a relevant range of
58,000 to 98,000 units produced and sold each year is given below. Complete the schedule of the
company's total and unit costs. (Round the "Cost per unit" to 2 decimal places.)
Solution
Hi,
Please find the detailed answer as follows:
Part A:
Part B:
Units Produced and
Sold
58000 78000 98000
Total costs:
Variable costs 179800 241800 303800
Fixed costs 400000 400000 400000
Total costs 579800 641800 703800
Cost per unit:
Variable costs 3.10 3.10 3.10

2. Fixed costs 6.90 5.13 4.08
Total cost per unit 10.00 8.23 7.18