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Case: Harris Company manufactures and sells a single product. A partially completed schedule of the company's total costs and costs per unit over the relevant range of 51,000 to 91,000 units is given below:
Required:
Question 1. Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below.
Question 2. Assume that the company produces and sells 81,000 units during the year at a selling price of $8.31 per unit. Build a contribution format income statement for the year.
You want to borrow $86,000 from your local bank, Assuming monthly compounding, what is the highest rate you can afford on a 72-month APR loan?
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