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Cost Behavior Contribution Format Income Statement Parker Company manufactures and sells a single product A partially completed schedule of the company’s total and per unit costs over a relevant

Cost Behavior; Contribution Format Income Statement

Parker Company manufactures and sells a single product. A partially completed schedule of the company’s total and per unit costs over a relevant range of 60,000 to 100,000 units produced and sold each year is given below:

 

 

 

 

 

Required:

1.       Complete the schedule of the company’s total and unit costs.

2.       Assume that the company produces and sells 90,000 units during the year at the selling price of $7.50 per unit. Prepare a contribution format income statement for the year.

Jun 28 2020 View more View Less

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