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Ede4ka [16]
3 years ago
11

Harris Company manufactures and sells a single product. A partially completed schedule of the company’s total costs and costs pe

r unit over the relevant range of 64,000 to 104,000 units is given below: Required: 1. Complete the schedule of the company’s total costs and costs per unit as given in the relevant tab below. 2. Assume that the company produces and sells 94,000 units during the year at a selling price of $7.99 per unit. Prepare a contribution format income statement for the year.
Business
1 answer:
Fynjy0 [20]3 years ago
5 0

Answer:

Instructions are lsited below

Explanation:

We don't have enough information to resolve with numbers. But I will leave the formulas necessary to resolve.

The general structure of an income statement proceeds as follow:

Revenue/Sales (+)

Cost of Goods Sold (COGS) (-)

=Gross Profit

Marketing, Advertising, and Promotion Expenses (-)

General and Administrative (G&A) Expenses (-)

=EBITDA

Depreciation & Amortization Expense (-)

=Operating Income or EBIT

Interest (-)

Other Expenses (-)

=EBT (Pre-Tax Income)

Income Taxes (-)

=Net Income

A Contribution Margin Income Statement is a special format of the income statement that segregates the variable and fixed expenses involved in running a business. It shows the revenue generated after deducting all variable and fixed expenses separately.

Sales=

Variable costs:

Cost of good sold=

Sales commissions=

Shipping expense=

Total variable cost=

Contribution margin=

Fixed costs:

Advertising expense=

Shipping expense=  

Administrative salaries=

Insurance expense=

Depreciation expense=

Total fixed cost=

Net profit=

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Answer:

1 m/s2

Explanation:

The force on a body ( which is a pull or push) is given by the formula

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Therefore, given that the same force is applied to both bodies,

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a = 0.058 × 10/0.58

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8 0
3 years ago
Using the Indirect Method to create the Statement of Cash Flows, which of the following options are correct in describing what m
Gwar [14]

Answer:

a) A gain is subtracted from net income.

d) An increase in operating current assets is subtracted from net income.

e) A decrease in operating current liabilities is subtracted from net income.

Explanation:

Operating activities: It involves those transactions that affect the after-net income working capital. It would subtract the rise in current assets and a decrease in current liabilities while add a decrease in current assets and an increase in current liabilities.  

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So, the following options are used-

a) A gain is subtracted from net income.

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e) A decrease in operating current liabilities is subtracted from net income.

8 0
3 years ago
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Eva8 [605]

Answer:

I'm on here most of the time.

Explanation:

If you'd like, I'll try to answer all of your questions! Just give me the word. :)

8 0
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Answer:

The correct answer is: $12,000

Explanation:

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In making about what to consume, person's goal is to​
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Answer:

allocate her limited income among all the products she wishes to buy so that she receives the highest total utility is the correct answer.

Explanation:

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3 years ago
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