Cost Behavior; Contribution Format Income Statement [LO2-3, LO2-5] Parker Company manufactures and s 1 answer below »

Stuck with a difficult assignment? No time to get your paper done? Feeling confused? If you’re looking for reliable and timely help for assignments, you’ve come to the right place. We promise 100% original, plagiarism-free papers custom-written for you. Yes, we write every assignment from scratch and it’s solely custom-made for you.


Order a Similar Paper Order a Different Paper

Cost Behavior; Contribution Format Income Statement [LO2-3, LO2-5]

Parker Company manufactures and sells a single product.
Required:
1.

A partially completed schedule of the company’s total and per unit costs over a relevant range of 67,000 to 107,000 units produced and sold each year is given below. Complete the schedule of the company’s total and unit costs. (Round the “variable cost” and “fixed cost” to 2 decimal places.)

      

Units Produced and Sold
67,000 87,000 107,000
Total costs:
Variable costs $160,800
Fixed costs 410,000
Total costs $570,800
Cost per unit:
Variable costs
Fixed costs
Total cost per unit
2.

Assume that the company produces and sells 97,000 units during the year at the selling price of $8.11 per unit. Prepare a contribution format income statement for the year.

Parker Company
Contribution Format Income Statement

     

Writerbay.net

We’ve proficient writers who can handle both short and long papers, be they academic or non-academic papers, on topics ranging from soup to nuts (both literally and as the saying goes, if you know what we mean). We know how much you care about your grades and academic success. That's why we ensure the highest quality for your assignment. We're ready to help you even in the most critical situation. We're the perfect solution for all your writing needs.

Get a 15% discount on your order using the following coupon code SAVE15


Order a Similar Paper Order a Different Paper