Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Oriole Company manufactures toasters. For the first 8 months of 2022, the company reported the following operating results while operating at 75% of plant

image text in transcribedimage text in transcribed

Oriole Company manufactures toasters. For the first 8 months of 2022, the company reported the following operating results while operating at 75% of plant capacity: Sales (369,600 units) $4,372.000 Cost of goods sold 2.592.480 Gross profit 1.779.520 Operating expermes 836.220 Net income 5943.300 Cost of goods sold was 70% variable and 30% fixed, operating expenses were 80% variable and 20% fixed In September, Oriole receives a special order for 24.500 toasters at $8.31 each from Luna Company of Ciudad Juarez. Acceptance of the order would result in an additional $3,000 of shipping costs but no increase in flowed costs (a) Prepare an incremental analysis for the special order. (Round computations for per unit cost to 2 decimal places, eg. 15.25 and all other computations and final answers to the nearest whole dollar, eg. 5,725. Enter negative amounts using either a negative sign preceding the number eg-45 or parentheses eg (45))

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_2

Step: 3

blur-text-image_3

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

Intermediate Accounting

Authors: David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

8th edition

978-1259997525, 1259997529, 978-1259548185

More Books

Students also viewed these Accounting questions

Question

Dont smell (i.e., too much perfume/cologne).

Answered: 1 week ago