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nika2105 [10]
4 years ago
6

Speical Order Soni, LTD produces wall mounts for flat panel television sets. The forecasted income statement for 2017 is as foll

ows:
SONI, LTD
Budgeted Income Statement
For the Year 2017
Sales ($44 per unit) $ 4,400,000
Cost of good sold ($ 36 per unit) (3,600,000)
Gross profit 800,000
Selling expenses ($3 per unit) (300,000)
Net income $500,000
Additional Information
(1) Of the production costs and selling expenses, $800,000 and $100,000, respectively, are fixed.
(2) Soni, LTD received a special order from a hospital supply company offering to buy 12,500 wall mounts for $30. If it accepts the order, there will be no additional selling expenses, and there is currently sufficient excess capacity to fill the order. The company's sales manager argues for rejecting the order because "we are not in the business of paying $36 to make a product to sell for $30.
Required:
1. Calculate the current production volume.
2. The variable production cost are $ ___________.
Business
1 answer:
tino4ka555 [31]4 years ago
8 0

Answer:

Explanation:  

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Cost of Goods Sold Section, Multiple-Step Income Statement
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Answer and Explanation:

The preparation of the cost of goods sold section of a multiple-step income statement is presented below:

<u>Cost of goods section</u>

<u>Multiple-income statement</u>

Opening inventory         $37,000

Estimated return inventory $1,000

Purchase $102,000

Less purchase returns -$4,200

Less: Purchase discount -$2,040

Add: Freight in $800

Less: closing inventory -$30,500

Less: estimated return inventory -$1,500

Cost of goods sold $102,560

8 0
3 years ago
Studies indicate that married men on average earn more income than unmarried men of the same age and education level. Why must w
icang [17]

Answer:

all of the answers provided are correct

Explanation:

The causation fallacy refers to when a cause is incorrectly identified for a specific effect in a research study. That being said, all of the answers provided are correct. There is no clear indication or proof in this study that shows that "marriage" is the sole factor that causes the difference in pay between the men in question. There can be many other factors in play such as social connections, economic backgrounds, geographic locations, field of work, etc.

7 0
3 years ago
Scorpion gulch &amp; western railway is preparing to build a new line through rolling mountains. they have hired you to do some
Alex_Xolod [135]
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4 years ago
In this economy, community members typically use simple tools to plant and harvest crops. Food supplies are supplemented by hunt
dsp73

Answer:

Traditional economy.

Explanation:

A traditional economy is one that relies on historical methods, customs, and beliefs to develop. It is generally more common in developing countries because it is an economy based on rural activities such as agriculture, fishing and hunting. Because it is an economy that develops around a tribe or a family, it is customary for production to be for consumption only, so there is no surplus and little money movement.

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X + y = 21
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Now substitute y in the second equation, and solve for x.
Then solve for y
4 0
3 years ago
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