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Quick Company manufactures toasters. For the first eight months of 2020, the company reported the following operating results while operating at 75% of plant capacity:
Quick Company manufactures toasters. For the first eight months of 2020, the company reported the following operating results while operating at 75% of plant capacity: Sales (350,800 units) Cost of goods sold Gross profit Operating expenses Net income $4,372,600 2,499,400 1,873,200 875,200 $998,000 The cost of goods sold was 69% variable and 31% fixed. Operating expenses were 69% variable and 31% fixed. In September, Quick Company receives a special order for 21,400 toasters at $8 each from Ortiz Company of Mexico City. Accepting the order would result in $2,930 of shipping costs but no increase in fixed operating expenses. (a) Prepare an incremental analysis for the special order. (Round intermediate calculations to 4 decimal places, e.g. 1.2579 and final answers to the nearest whole dollar, e.g. 5,275.) Incremental revenue $ Incremental cost: Variable cost $ Shipping cost Fixed cost Incremental income / (loss) $
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