P3-47 (final answer) Question Help Klecan Engine Company manufactures and sells diesel engines for use in small The income statement showed that variable and fixed costs were as planned, farming equipment. For its 2020 budget, Klecan Engine Company estimates the which meant that the 2020 annual net income projection would not be met unless following management took action A management committee was formed and presented Click the icon to view the budget data.) the following mutually exclusive alternatives to the president: The first quarter income statement, as of March 31, reported that sales were not (Click the icon to view the alternatives.) meeting expectations. During the first quarter, only 500 units had been sold at the Read the requirements current price of $4,500 Kecan engine company must sem 2.044 Units to achieve its net income objective Requirement 2. Determine which alternative Klecan Engine should select to achieve its net income objective. Show your calculations Evaluate each of the alternatives presented by the management committee, begin with alternative a. Alternative Data Table - Revenues Variable costs Contribution margin Fixed costs Operating income Income taxes Net Income Selling price Variable cost per engine Annual fixed costs $ 4,500 $ 2,000 $ 5,660,000 $ 1,360,000 20% Net income Income tax rate Enter any number in the edit fields and then click Check Answer Print Done 3 parts remaining Clear All Check