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Example 2 Snowshoe, Inc., a manufacturer of ski equipment, has been asked to sell 1,000 pairs of skis to a discount sporting goods shop in Maine for $100 a pair. Snowshoe would not put its name on this special order, and the dealer would therefore sell the skis below their normal retail price. The capacity fr Snowshoe is 25,000 pair of skis per year. The company's sales forecast for this year, excluding the special order, is 20,000 pairs at a selling price of $143.75 per unit. Snowshoe's budgeted income statement is: Budgeted Income Statement Sales (20,000 pairs) Cost of goods sold Per Unit $143.75 Total $2,875,000 Direct materials Direct labor Factory overhead (40% variable) S 37.50 31.10 34.45 $750,000 622,000 Total $103.05 682,000 $2,061000 S 814,000 550,000 S 264,000 Gross profit Selling and administrative expenses S 40.70 27.50 S 13.20 Net income Example 2 Snowshoe, Inc., a manufacturer of ski equipment, has been asked to sell 1,000 pairs of skis to a discount sporting goods shop in Maine for $100 a pair. Snowshoe would not put its name on this special order, and the dealer would therefore sell the skis below their normal retail price. The capacity fr Snowshoe is 25,000 pair of skis per year. The company's sales forecast for this year, excluding the special order, is 20,000 pairs at a selling price of $143.75 per unit. Snowshoe's budgeted income statement is: Budgeted Income Statement Sales (20,000 pairs) Cost of goods sold Per Unit $143.75 Total $2,875,000 Direct materials Direct labor Factory overhead (40% variable) S 37.50 31.10 34.45 $750,000 622,000 Total $103.05 682,000 $2,061000 S 814,000 550,000 S 264,000 Gross profit Selling and administrative expenses S 40.70 27.50 S 13.20 Net income