Required:
1. A partially completed schedule of the company's total and per unit costs over a relevant range of
55,000 to 95,000 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.)
95,000
$
55,000
Units Produced and Sold
75,000
Total costs:
Variable costs
$ 170,500
$
Fixed costs
420,000
Total costs
$ 590,500
$
$
Cost per unit:
Variable cost
$
$
$
Fixed cost
Total cost per unit
$
$
$
2. Assume that the company produces and sells 85,000 units during the year at the selling price of $9.70
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.)
Contribution Format Income Statement
Parker Company
(Click to select)
$
(Click to select)
$
(Click to select)
(Click to select)
(Click to select)
$
$
