Please do not give solution in image format thanku ART manufactures and sells underwater markers. Its contribution margin income statement follows.Contribution Margin Income StatementFor Year Ended December 31Sales (570,000 units)Variable costsDirect materialsDirect laborVariable overheadContribution marginFixed costsFixed overheadFixed general and administrativeIncomeSpecial Offer AnalysisContribution marginPer Unit$ 7.00Fixed overheadFixed general and administrativeIncome (loss)1.610.49Should the company accept or reject the special offer?0.604.300.200.15$ 3.95Per Unit TotalAnnual Total$ 3,990,000917,700Should the company accept or reject the special offer?279,300A potential customer offers to buy 67,000 units for $3.80 each. These sales would not affect the company's sales through its normalchannels. Details about the special offer follow.342,000• Direct materials cost per unit and variable overhead cost per unit would not change.• Direct labor cost per unit would be $0.67 because the offer would require overtime pay.• Accepting the offer would require incremental fixed general and administrative costs of $6,700.• Accepting the offer would require no incremental fixed overhead costs.2,451,000Required:1. Compute income from the special offer.2. Should the company accept or reject the special offer?Compute income from the special offer. (Round your "Per Unit" answers to 2 decimal places.)114,00085,500$ 2,251,500

The differential analysis is performed to compare the different alternatives available with the…

ART manufactures and sells underwater markers. Its contribution margin income statement follows. Contribution Margin Income Statement For Year Ended December 31 Sales (570,000 units) Variable costs Direct materials Direct labor Variable overhead Contribution margin Fixed costs Fixed overhead Fixed general and administrative Income Required: Per Unit Annual Total $7.00 1.61 0.49 0.60 4.30 0.20 0.15 $3.95 $ 3,990,000 917,700 279,300 342,000 2,451,000 114,000 85,500 $2,251,500 A potential customer offers to buy 67,000 units for $3.80 each. These sales would not affect the company's sales through its normal channels. Details about the special offer follow. • Direct materials cost per unit and variable overhead cost per unit would not change. • Direct labor cost per unit would be $0.67 because the offer would require overtime pay. • Accepting the offer would require incremental fixed general and administrative costs of $6,700. • Accepting the offer would require no incremental fixed overhead costs.

ART manufactures and sells underwater markers. Its contribution margin income statement follows. Contribution Margin Income Statement For Year Ended December 31 Sales (570,000 units) Variable costs Direct materials Direct labor Variable overhead Contribution margin Fixed costs Fixed overhead Fixed general and administrative Income Required: Per Unit Annual Total $7.00 1.61 0.49 0.60 4.30 0.20 0.15 $3.95 $ 3,990,000 917,700 279,300 342,000 2,451,000 114,000 85,500 $2,251,500 A potential customer offers to buy 67,000 units for $3.80 each. These sales would not affect the company's sales through its normal channels. Details about the special offer follow. • Direct materials cost per unit and variable overhead cost per unit would not change. • Direct labor cost per unit would be $0.67 because the offer would require overtime pay. • Accepting the offer would require incremental fixed general and administrative costs of $6,700. • Accepting the offer would require no incremental fixed overhead costs.

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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