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How do I solve this? Questions 4 and 5 refer to the following problem: At the end of the year, a company offered to buy
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Questions 4 and 5 refer to the following problem: At the end of the year, a company offered to buy 4,500 units of a product from X Company for $12.00 each instead of the company's regular price of $18.00 each. The following income statement is for the 65,500 units of the product that X Company has already made and sold to its regular customers: Sales $1,179,000 Cost of 517,450 goods sold Gross margin $661,550 Selling and administrative 155,235 costs Profit $506,315 For the year, variable cost of goods sold were $398,895, and variable selling and administrative costs were $76,635. The special order product has some unique features that will require additional material costs of $0.71 per unit and the rental of special equipment for $5,000. 4. Profit on the special order would be Submit Answer Tries 0/3Step by Step Solution
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