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Windsor, Inc. is a company that manufactures and sells a single product. Unit sales for each of the four quarters of 2020 are projected as
Windsor, Inc. is a company that manufactures and sells a single product. Unit sales for each of the four quarters of 2020 are projected as follows. Windsor incurs variable manufacturing costs of $0.40 per unit and variable nonmanufacturing costs of $0.35 per unit. Windsor will incur fixed manufacturing costs of $806,400 and fixed nonmanufacturing costs of $1,209,600. Windsor will sell its product for $4 per unit. Determine the amount of net income Windsor will report in each of the four quarters of 2020 , assuming actual sales are as projected and employing the integral approach to interim financial reporting. (Ignore income taxes.) Repeat the analysis under the discrete approach. (Round answars to 0 decimal places, es. 5. 125.)
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