Indigo, Inc. is a company that manufactures and sells a single product. Unit sales for each...

 

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Indigo, Inc. is a company that manufactures and sells a single product. Unit sales for each of the four quarters of 2020 are projected as follows. Quarter First Second Third Fourth Annual total Units (a) 83,200 156,000 572,000 124,800 936,000 Indigo incurs variable manufacturing costs of $0.40 per unit and variable nonmanufacturing costs of $0.35 per unit. Indigo will incur fixed manufacturing costs of $748,800 and fixed nonmanufacturing costs of $1,123,200. Indigo will sell its product for $4 per unit. * Your answer is incorrect. Determine the amount of net income Indigo will report in each of the four quarters of 2020, assuming actual sales are as projected and employing the integral approach to interim financial reporting. (Ignore income taxes.) Repeat the analysis under the discrete approach. (Round answers to 0 decimal places, e.g. 5,125.) Net income (Integral Approach) $ Net income (Discrete Approach) $ eTextbook and Medial 1st Quarter 83200 332800 $ $ 2nd Quarter 156000 624000 $ $ 3rd Quarter 5720 22880 Indigo, Inc. is a company that manufactures and sells a single product. Unit sales for each of the four quarters of 2020 are projected as follows. Quarter First Second Third Fourth Annual total Units (a) 83,200 156,000 572,000 124,800 936,000 Indigo incurs variable manufacturing costs of $0.40 per unit and variable nonmanufacturing costs of $0.35 per unit. Indigo will incur fixed manufacturing costs of $748,800 and fixed nonmanufacturing costs of $1,123,200. Indigo will sell its product for $4 per unit. * Your answer is incorrect. Determine the amount of net income Indigo will report in each of the four quarters of 2020, assuming actual sales are as projected and employing the integral approach to interim financial reporting. (Ignore income taxes.) Repeat the analysis under the discrete approach. (Round answers to 0 decimal places, e.g. 5,125.) Net income (Integral Approach) $ Net income (Discrete Approach) $ eTextbook and Medial 1st Quarter 83200 332800 $ $ 2nd Quarter 156000 624000 $ $ 3rd Quarter 5720 22880

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1 INTEGRAL APPROACH 1st quarter 2nd quarter 3rd quarter 4th quarter Units sold a 83200 156000 572000 ... View the full answer