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PLEASE NOTE THE 203595 IS MY ANSWER TO REVENUES Exercise 21-3 Moonbeam Company manufactures toasters. For the first 8 months of 2017, the company reported
PLEASE NOTE THE 203595 IS MY ANSWER TO REVENUES
Exercise 21-3 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 (349,100 units) Cost of goods sold Gross profit Operating expenses Net income $4,372,000 2,590,000 1,782,000 839,700 $942,300 Cost of goods sold was 68% variable and 32% fixed; operating expenses were 78% variable and 22% fixed In September, Moonbeam Company 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 $3,000 of shipping costs but no increase in fixed costs. Prepare an incremental analysis for the special order. (Round computations for per unit cost to 4 decimal places, e.g. 15.2567 and all other computations and final answers to the nearest whole dollar, e.g. 5,725. Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Reject Order Accept Order Net Income Increase (Decrease) Revenues Cost of goods sold Operating expenses Net income 0 203595$Step by Step Solution
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