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ACE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 7-3 Moonbeam Company manufactures toasters. For the first 8 months of 2017, the company reported

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ACE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 7-3 Moonbeam Company manufactures toasters. For the first 8 months of 2017, the company reported the following operating results while operating at 75% of plant capacity: Sales (350,400 units) $4,372,000 Cost of goods sold Gross profit Operating expenses 840,400 Net income 2,603,000 1,769,000 $928,600 Cost of goods sold was 65% variable and 35% fixed; operating expenses were 75% variable and 25% fixed. r, Moonbeam Company receives a special order for 20,100 toasters at $7.59 each from Luna Company of Cludad Juarez. Acceptance of the order would result in an additional $3,100 of shipping costs but no increase in fixed costs

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