Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

300 16.000 Thund . Fourth A HOB mandag 040 pertinchord willing tot de 2.000 and find maingom 11.12.2010 Kahit will matter per Dewithe arred each

image text in transcribed
image text in transcribed
300 16.000 Thund . Fourth A HOB mandag 040 pertinchord willing tot de 2.000 and find maingom 11.12.2010 Kahit will matter per Dewithe arred each the 200 ming the great win in the the Quarter Quarter Crewwwwwww.dome place) Pri on sale 2nd Quarter hart Da Kingbird, Inc. is a company that manufactures and sells a single product. Unit sales for each of the four quarters of 2020 are projected as follows. Quarter Units First 99.200 Second 186,000 Third 682,000 Fourth 148,800 Annual total 1.116.000 Kingbird incurs variable manufacturing costs of $0.40 per unit and variable non manufacturing costs of $0.40 per unit. Kingbird will incur fived manufacturing costs of $992,800 and foxed nonmanufacturing costs of $1,319,200 Kingbird will sets product for $4 per unit. Determine the amount of net income Kingbird will report in each of the four quarter of 2020, suming actual sales rem projected and employing the integral approach to interim financial reporting, ignore income taxes) Repeat the analysis under the discrete approach (Hound answers to decimal places, 3.125.) 1st Quarter 2nd Quarter and Quarter 4th Quarter Net Income (Integral Approach) Net Income (Discrete Approach LINK TO TY Computer Ongbird's profit margin on sales for each of the four quarters of 2020 under both the integral and discute approaches. (Round answers to decimal place a.. 52.59 Profit margin on sales 2nd Quarter 3rd Quarter 1st Quarter 4th Quarter Integral approach Discrete approach 300 16.000 Thund . Fourth A HOB mandag 040 pertinchord willing tot de 2.000 and find maingom 11.12.2010 Kahit will matter per Dewithe arred each the 200 ming the great win in the the Quarter Quarter Crewwwwwww.dome place) Pri on sale 2nd Quarter hart Da Kingbird, Inc. is a company that manufactures and sells a single product. Unit sales for each of the four quarters of 2020 are projected as follows. Quarter Units First 99.200 Second 186,000 Third 682,000 Fourth 148,800 Annual total 1.116.000 Kingbird incurs variable manufacturing costs of $0.40 per unit and variable non manufacturing costs of $0.40 per unit. Kingbird will incur fived manufacturing costs of $992,800 and foxed nonmanufacturing costs of $1,319,200 Kingbird will sets product for $4 per unit. Determine the amount of net income Kingbird will report in each of the four quarter of 2020, suming actual sales rem projected and employing the integral approach to interim financial reporting, ignore income taxes) Repeat the analysis under the discrete approach (Hound answers to decimal places, 3.125.) 1st Quarter 2nd Quarter and Quarter 4th Quarter Net Income (Integral Approach) Net Income (Discrete Approach LINK TO TY Computer Ongbird's profit margin on sales for each of the four quarters of 2020 under both the integral and discute approaches. (Round answers to decimal place a.. 52.59 Profit margin on sales 2nd Quarter 3rd Quarter 1st Quarter 4th Quarter Integral approach Discrete approach

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions