Question: Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a three-column

Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a three-column comparative income statement that reports the following: a. Annual income without the special order. b. Annual income from the special order. c. Combined annual income from normal business and the new business. (Do not round your intermediate calculations. Round your cost and expenses to nearest whole number.) Show less CALLA COMPANY COMPARATIVE INCOME STATEMENTS Combined Normal Volume Additional Volume Total 5,609,700 $ 1,196,800 $ 6,806,500 Sales Costs and expenses: Direct materials Direct labor Overhead 861,780 585,360 947,000 553,000 470,000 198,220 134,640 152,476 X 118,958 910 1,060,000 720,000 1,099,476 671,958 470,910 Selling expenses Administrative expenses Total costs and expenses Operating income 3,417,140 2,192,560 605,204 $ 591,596 4,022,344 $ 2,784,156 Required 1 Required 2 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a three-column comparative income statement that reports the following: a. Annual income without the special order. b. Annual income from the special order. c. Combined annual income from normal business and the new business. (Do not round your intermediate calculations. Round your cost and expenses to nearest whole number.) Show less CALLA COMPANY COMPARATIVE INCOME STATEMENTS Combined Normal Volume Additional Volume Total 5,609,700 $ 1,196,800 $ 6,806,500 Sales Costs and expenses: Direct materials Direct labor Overhead 861,780 585,360 947,000 553,000 470,000 198,220 134,640 152,476 X 118,958 910 1,060,000 720,000 1,099,476 671,958 470,910 Selling expenses Administrative expenses Total costs and expenses Operating income 3,417,140 2,192,560 605,204 $ 591,596 4,022,344 $ 2,784,156 Required 1 Required 2
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
