Question
Partially correct answer. Your answer is partially correct. Try again. Moonbeam Company manufactures toasters. For the first 8 months of 2017, the company reported the
Partially correct answer. Your answer is partially correct. Try again. Moonbeam Company manufactures toasters. For the first 8 months of 2017, the company reported the following operating results while operating at 75% of plant capacity: Sales (349,500 units) $4,377,000 Cost of goods sold 2,591,000 Gross profit 1,786,000 Operating expenses 840,300 Net income $945,700 Cost of goods sold was 77% variable and 23% fixed; operating expenses were 87% variable and 13% fixed. In September, Moonbeam Company receives a special order for 21,600 toasters at $8.12 each from Luna Company of Ciudad Juarez. Acceptance of the order would result in an additional $3,100 of shipping costs but no increase in fixed costs. (a) Prepare an incremental analysis for the special order. (Round computations for per unit cost to 4 decimal places, e.g. 15.2567 and all other computations and final answers to the nearest whole dollar, e.g. 5,725. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Reject Order Accept Order Net Income Increase (Decrease) Revenues $Entry field with correct answer $Entry field with correct answer 175392 $Entry field with correct answer 175392 Cost of goods sold Entry field with correct answer Entry field with correct answer 123300 Entry field with correct answer -123300 Operating expenses Entry field with correct answer Entry field with incorrect answer 48244 Entry field with incorrect answer -48244 Net income $Entry field with correct answer $Entry field with incorrect answer 3848 $Entry field with incorrect answer 3848 (b) Should Moonbeam Company accept the special order? Moonbeam Company Entry field with incorrect answer the special order.
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