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EY INSTRUCTOR FULL SCREEN PRINTER VERSIONBACK NEXT Exercise 7-3 Your answer is partially correct. Try again Moonbeam Company manufactures toasters. For the first 8 months
EY INSTRUCTOR FULL SCREEN PRINTER VERSIONBACK NEXT Exercise 7-3 Your answer is partially correct. Try again 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) Cost of goods sold Gross profit Operating expenses Net income $4,372,000 2,603,000 1,769,000 840,400 $928,600 Cost of goods sold was 65% variable and 35% fixed; operating expenses were 75% variable and 25% fixed In September, Moonbeam Company receives a special order for 20,100 toasters at $7.59 each from Luna Company of Ciudad 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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