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1. Gibco Company supplies schools with desks. Gibco has received a special order from a large school district to buy 720 desks at $57 Acceptance
1. Gibco Company supplies schools with desks. Gibco has received a special order from a large school district to buy 720 desks at $57 Acceptance of the special order will not affect fixed costs but will result in $3,000 of additional shipping costs. For 2020, the company reported the following operating results while operating at 80% capacity: Sales (22,000 units) $1,350,000 Cost of goods sold 960,000 Gross profit 390,000 Operating expenses 170,000 Net income $ 220,000 Cost of goods sold was 70% variable and 30% fixed; operating expenses were 60% variable and 40% fixed. What is the financial impact of taking the order? Do not put $ or commas in your
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