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what is the answer? i want details with all numbers QUESTION 27 Fairfax Inc, manufactures a small part that is widely used in various electronic
what is the answer? i want details with all numbers
QUESTION 27 Fairfax Inc, manufactures a small part that is widely used in various electronic products. Operating results for the first three years of operation are follows: Yearl Year 2 Year) Sales 800,000 640,000 800,000 CGS 600.000 420.02.02 George 200,000 220,000 Selling and admin Expenses 200.000 1180.00 Net operating incomes) 0 40,000 Production and sales data for the three yem period were as follows: Year 1 Year Year) Production units 50.000 60,000 45,000 Salles 50,000 40,000 50,000 Additional information 1. The company plan is highly automated. Variable manufacturing costs total 53 per unit Ausflued manufacturing vereis 5450,000 2. Variable selling and administrative expenses were 52 per unit sold. Amalfred selling and administrative speed 100.000 3. The above could stayed constant across the three years and the company uses a FIFO inventory flew assumption Required: 1. Compete the traditional income talent shove for year 3 2. Complete the following Not Reconcile table (how full details how you calculated the deferred and red for any credit Recibo report Year Year Variable costing NOI FO deferred in Inventory FO released from Inventory Als conting NOI 0 40.000 Father AUTOF PALT.FF Mac BTWS Paragrah Arial > 140 TE 2 I X @ F EF ,ED +00 @ FR Step by Step Solution
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