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PLEASE HELP FILL IN THE RED BLANKS Problem 7-1A a-b, c (Video) ThreePoint Sports Inc. manufactures basketballs for the Women's National Basketball Association (WNBA). For
PLEASE HELP FILL IN THE RED BLANKS
Problem 7-1A a-b, c (Video) ThreePoint Sports Inc. manufactures basketballs for the Women's National Basketball Association (WNBA). For the first 6 months of 2020, the company reported the following operating results while operating at 80% of plant capacity and producing 120,000 units. Sales Cost of goods sold Selling and administrative expenses Amount $4,800,000 3,600,000 405,000 $795,000 Net income Fixed costs for the period were cost of goods sold $960,000, and selling and administrative expenses $225,000. In July, normally a slack manufacturing month, ThreePoint Sports receives a special order for 10,000 basketballs at $28 each from the Greek Basketball Association (GBA). Acceptance of the order would increase variable selling and administrative expenses $0.75 per unit because of shipping costs but would not increase fixed costs and expenses. Your answer is partially correct. Try again. (a) Prepare an incremental analysis for the special order. (Round all per unit computations to 2 decimal places, e.g. 15.25. 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 280,000 280,000 Cost of goods sold 220,000 220,000 Selling and administrative expenses T 22,500 22,500 Net income 37,500 37,500Step by Step Solution
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