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Bramble, Inc. is a company that manufactures and sells a single product. Unit sales for each of the four quarters of 2020 are projected as
Bramble, 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 94.400 Second 177.000 Third 649,000 Fourth 141,600 Annual total 1,062,000 Bramble incurs variable manufacturing costs of $0.40 per unit and variable nonmanufacturing costs of $0.40 per unit. Bramble will incur fixed manufacturing costs of $849,600 and fixed nonmanufacturing costs of $1,274,400. Bramble will sell its product for $4 per unit.Determine the amount of net income Bramble will report in each of the four quarters of 2020, assuming actual sales are as projected and employing the integral approach to interim financial reporting. (Ignore income taxes.) Repeat the analysis under the discrete approach. (Round answers to O decimal places, e.g. 5,125.) 1st Quarter 2nd Quarter 3rd Quarter Net income (Integral Approach) $ $ $ Net income (Discrete Approach) $ $ e Textbook and Media Assistance Used
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