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Culver, Inc. is a company that manufactures and sells a single product. Unit sales for each of the four quarters of 2025 are projected as
Culver, Inc. is a company that manufactures and sells a single product. Unit sales for each of the four quarters of 2025 are projected as follows. Culver incurs variable manufacturing costs of $0.40 per unit and variable nonmanufacturing costs of $0.35 per unit. Culver will incur fixed manufacturing costs of $907,200 and fixed nonmanufacturing costs of $1,360,800. Culver will sell its product for $4 per unit. Determine the amount of net income Culver will report in each of the four quarters of 2025 , 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 0 decimal places, e.g. 5,125. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Determine the amount of net income Culver will report in each of the four quarters of 2025 , 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 0 decimal places, e.g. 5,125. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
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