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 72,000 to 135,000 units produced and sold each year is given below:
Required:1.Complete the schedule of the company’s total and unit costs. (Round “Cost per unit” answers to 2 decimal places.)
2.Assume that the company produces and sells 120,000 units during the year at a selling price of $6.00 per unit. Prepare a contribution format income statement for the year.