harris company manufactures a single product costs for the year 2001 for output leve 671164

Aug 30, 2021 | Uncategorized

Harris Company manufactures a single product. Costs for the year 2001 for output levels of 1,000 and 2,000 units are as follows:

Units produced1,0002,000Direct labor$30,000$30,000Direct materials20,00040,000Overhead:  Variable portion12,00024,000Fixed portion36,00036,000Selling and administrative costs:  Variable portion5,00010,000Fixed portion22,00022,000

At each level of output, compute the following:

(a) Total manufacturing costs.

(b) Manufacturing costs per unit.

(c) Total variable costs.

(d) Total variable costs per unit.

(e) Total costs that have to be recovered if the firm is to make a profit.