Answered step by step
Verified Expert Solution
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
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started