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(a) Prepare an incremental analysis for the special order. (Round computations for per unit cost to 2 decimal places, eg. 15.25 and all other computations and final answers to the nearest whole dollar, e.g. 5,725. Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses eg. (45)) Revenues Cost of goods sold Operating expenses Net income (b) $ Crane Company Reject Order Should Crane accept the special order? the special order. Accept Order 5 Net Income Increase (Decrease) H

(a) Prepare an incremental analysis for the special order. (Round computations for per unit cost to 2 decimal places, eg. 15.25 and all other computations and final answers to the nearest whole dollar, e.g. 5,725. Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses eg. (45)) Revenues Cost of goods sold Operating expenses Net income (b) $ Crane Company Reject Order Should Crane accept the special order? the special order. Accept Order 5 Net Income Increase (Decrease) H

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Crane Company manufactures toasters. For the first 8 months of 2022. the company reported the following operating results while operating at 75% of plant capacity: Sales (358,400 units) - $4,370,000 Cost of goods sold 2.600,960 Gross profit Operating expenses Net income 1,769,040 837,760 $931,280 Cost of goods sold was 70% variable and 30% fixed; operating expenses were 80% variable and 20% fixed. In September, Crane receives a special order for 24,500 toasters at $7.68 each from Luna Company of Ciudad Juarez, Acceptance of the order would result in an additional $3,100 of shipping costs but no increase in fixed costs. (a) Prepare an incremental analysis for the special order. (Round computations for per unit cost to 2 decimal places, eg, 15.25 and all other computations and final answers to the nearest whole dollar, eg. 5,725. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45)) Reject Order Accept Order Net Income Increase (Decrease)
Transcribed Image Text:Crane Company manufactures toasters. For the first 8 months of 2022. the company reported the following operating results while operating at 75% of plant capacity: Sales (358,400 units) - $4,370,000 Cost of goods sold 2.600,960 Gross profit Operating expenses Net income 1,769,040 837,760 $931,280 Cost of goods sold was 70% variable and 30% fixed; operating expenses were 80% variable and 20% fixed. In September, Crane receives a special order for 24,500 toasters at $7.68 each from Luna Company of Ciudad Juarez, Acceptance of the order would result in an additional $3,100 of shipping costs but no increase in fixed costs. (a) Prepare an incremental analysis for the special order. (Round computations for per unit cost to 2 decimal places, eg, 15.25 and all other computations and final answers to the nearest whole dollar, eg. 5,725. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45)) Reject Order Accept Order Net Income Increase (Decrease)
(a) Prepare an incremental analysis for the special order. (Round computations for per unit cost to 2 decimal places, eg. 15.25 and all other computations and final answers to the nearest whole dollar, e.g. 5,725. Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45)) Revenues Cost of goods sold Operating expenses Net income (b) Reject Order Should Crane accept the special order? Crane Company the special order. Accept Order Net Income Increase (Decrease) I
Transcribed Image Text:(a) Prepare an incremental analysis for the special order. (Round computations for per unit cost to 2 decimal places, eg. 15.25 and all other computations and final answers to the nearest whole dollar, e.g. 5,725. Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45)) Revenues Cost of goods sold Operating expenses Net income (b) Reject Order Should Crane accept the special order? Crane Company the special order. Accept Order Net Income Increase (Decrease) I
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