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The management team of Skysong Industries was evaluating its performance for the first half of the year. Production and sales of its fans were on budget at 3,100 units to date, with the loving income statement reflecting its income for the first half of the year. Sales Variable costs: $253,500 DM $43,400 DL 34,100 Variable-MOH 9,300 Variable selling 3,100 89,900 Contribution margin 173,600 Fixed costs: Fixed-MOH Fixed selling Operating income (loss) 33,000 118,000 151,000 $22,600 Orders for the second half of the year were coming in slower than what the company had been expecting. When a new customer called and requested a special discount, the sales team listened.

The management team of Skysong Industries was evaluating its performance for the first half of the year. Production and sales of its fans were on budget at 3,100 units to date, with the loving income statement reflecting its income for the first half of the year. Sales Variable costs: $253,500 DM $43,400 DL 34,100 Variable-MOH 9,300 Variable selling 3,100 89,900 Contribution margin 173,600 Fixed costs: Fixed-MOH Fixed selling Operating income (loss) 33,000 118,000 151,000 $22,600 Orders for the second half of the year were coming in slower than what the company had been expecting. When a new customer called and requested a special discount, the sales team listened.

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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The management team of Skysong Industries was evaluating its performance for the first half of the year. Production and sales of its fans were on budget at 3,100 units to date, with the loving income statement reflecting its income for the first half of the year. Sales Variable costs: $253,500 DM $43,400 DL 34,100 Variable-MOH 9,300 Variable selling 3,100 89,900 Contribution margin 173,600 Fixed costs: Fixed-MOH Fixed selling Operating income (loss) 33,000 118,000 151,000 $22,600 Orders for the second half of the year were coming in slower than what the company had been expecting. When a new customer called and requested a special discount, the sales team listened.
Transcribed Image Text:The management team of Skysong Industries was evaluating its performance for the first half of the year. Production and sales of its fans were on budget at 3,100 units to date, with the loving income statement reflecting its income for the first half of the year. Sales Variable costs: $253,500 DM $43,400 DL 34,100 Variable-MOH 9,300 Variable selling 3,100 89,900 Contribution margin 173,600 Fixed costs: Fixed-MOH Fixed selling Operating income (loss) 33,000 118,000 151,000 $22,600 Orders for the second half of the year were coming in slower than what the company had been expecting. When a new customer called and requested a special discount, the sales team listened.
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