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Question 31 of 33: Current Attempt in Progress -/15 Bridgeport Inc. manufactures basketballs for professional basketball associations. For the first six months of 2022,
Question 31 of 33: Current Attempt in Progress -/15 Bridgeport Inc. manufactures basketballs for professional basketball associations. For the first six months of 2022, the company reported the following operating results while operating at 90% of plant capacity: Amount Per Unit Sales $5,691,600 $51.00 Cost of goods sold 3,906,000 35.00 Selling and administrative expenses 479,880 4.30 Net income $1,305,720 $11.70 Fixed costs for the period were cost of goods sold of $1,116,000, and selling and administrative expenses of $200,880. In July, normally a slack manufacturing month, Bridgeport receives a special order for 11,160 basketballs at $31.00 each from the Italian Basketball Association. Accepting the order would increase variable selling and administrative expenses by $1.00 per unit because of shipping costs, but it would not increase fixed costs and expenses.
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