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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 | |||
| 65,000 | 85,000 | 105,000 | |
| Total costs: | |||
| Variable costs | $162,500 | $ | $ |
| Fixed costs |
490,000 |
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| Total costs | $652,500 | $ | $ |
| Cost per unit: | |||
| Variable cost | $ | $ | $ |
| Fixed cost | |||
| Total cost per unit |
$ |
$ |
$ |
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Assume that the company produces and sells 95,000 units during the year at a selling price of $8.7 per unit. Prepare a contribution format income statement for the year. (Input all amounts as positive values. Omit the “$” sign in your response.) |
| Income Statement For the Year Ended |
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| (Click to select) Sales Contribution margin Fixed expense Variable expenses Cost of goods sold | $ |
| (Click to select) Fixed expense Variable expenses Sales Cost of goods sold Contribution margin | |
| (Click to select) Variable expenses Sales Cost of goods sold Contribution margin Fixed expense | |
| (Click to select) Contribution margin Variable expenses Cost of goods sold Sales Fixed expense | |
| (Click to select) Net operating loss Net operating income |
$ |