Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need help getting the answer for the last part Show Attempt History Current Attempt in Progress Crane Inc. manufactures basketballs for the Women's National Basketball

need help getting the answer for the last part
image text in transcribed
image text in transcribed
image text in transcribed
Show Attempt History Current Attempt in Progress Crane Inc. manufactures basketballs for the Women's National Basketball Association (WNBA). For the first 6 months of 2022, the company reported the following operating results while operating at 80% of plant capacity and producing 119,400 units. Amount Sales $4,776,000 Cost of goods sold 3,509,190 Selling and administrative expenses 513,516 Net income $753.294 Fixed costs for the period were cost of goods sold $960,000, and selling and administrative expenses $250.000 In July, normally a slack manufacturing month, Crane receives a special order for 10,000 basketballs at $27 each from the Greek Basketball Association (GBA). Acceptance of the order would increase variable selling and administrative expenses $0.73 per unit because of shipping costs but would not increase fixed costs and expenses. (a) & (b) "Your Answer Correct Answer (Used) (a) Prepare an incremental analysis for the special order. (Round all per unit computations to 2 decimal places, eg. 15.25. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses es. (45)). Reject Order Accept Order Net Income Increase (Decrease) Revenues $ 0 $ 270.000 $ 270,000 0 213,500 i Cost of goods sold -213.500 0 28,700 -28.700 Selling and administrative expenses 0 $ $ 27.800 $ 27,800 Net income (b) Should Crane Inc. accept the special order? Yes (c) X Your answer is incorrect. What is the minimum selling price on the special order to produce net income of $5.12 per ball? (Round answer to 2 decimal places, e... 15.25) Minimum selling price 23.86 e Textbook and Media Save for Later Attempts: 3 of 5 used Submit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Pioneers Of Critical Accounting A Celebration Of The Life Of Tony Lowe

Authors: Jim Haslam, Prem Sikka

1st Edition

113754211X, 9781137542113

More Books

Students also viewed these Accounting questions