please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) Exercise 4-26 (Algo) Special Orders (LO 4-1, 2)Rowe Tool and Die (RTD) produces metal fittings as a supplier to various manufacturing firms in the area. The following is theforecasted income statement for the next quarter, which is the typical planning horizon used at RTD. RTD expects to sell 48,000 unitsduring the quarter. RTD carries no inventories.Sales revenueCosts of fitting producedGross profitAdministrative costs.Operating profitAmount$ 1,291,200988,800$302,400228,000$ 74,400Required APer UnitFixed costs included in this income statement are $312,000 for depreciation of plant and machinery and miscellaneous factoryoperations and $96,000 for administrative costs. RTD has received a request for 10,000 fittings to be produced in the next quarterfrom Endicott Manufacturing. Endicott has never purchased from RTD, although they have been a local company for many years.Endicott has offered to pay $20.30 per unit. RTD can easily produce the 10,000 units with its existing capacity. Production of the10,000 units will incur all variable manufacturing costs but no fixed manufacturing costs. No administrative costs will be incurredbecause of the order.Required B$ 26.9020.60$6.304.75$ 1.55Required:a. What impact would accepting this special order have on operating profit?b. Should RTD accept the order?Complete this question by entering your answers in the tabs below.

Variable costs are those costs which changes along with change in sales activity level. Fixed costs…

Rowe Tool and Die (RTD) produces metal fittings as a supplier to various manufacturing firms in the area. The following is the forecasted income statement for the next quarter, which is the typical planning horizon used at RTD. RTD expects to sell 48,000 units during the quarter. RTD carries no inventories.

Rowe Tool and Die (RTD) produces metal fittings as a supplier to various manufacturing firms in the area. The following is the forecasted income statement for the next quarter, which is the typical planning horizon used at RTD. RTD expects to sell 48,000 units during the quarter. RTD carries no inventories.

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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