Question: Required: Complete the three-column comparative income statement that shows the following. (Round your intermediate calculations and per unit cost answers to 3 decimals.) 1. Annual


Jones Products manufactures and sells to wholesalers approximately 300.000 Packages per year of underwater markets at 13.860 per package Annual Costs for the production land sale of this quantity are Ishown in the table. Direct materials Direct labor overhead Selling expenses admin expenses Total cost pexpenses $384.000 00 000 288.000 120.000 80.000 g968.000 A new wholesaler hos offered Ho buy 50.000 packages for $3.30 each. These markers would be marketed under the Wholesalers name and would not affect Jones Products Sales through its normal channels. A Study of the COSIS Of this additional business reveals the following - Direct maienais cost are 1007. variable - Per unit direct labor cost for the additional Units would be 50% higher than normal because their production would require overtime pay a 12 times the usual labor rote - 30%. Of the normalannual overhead costs are fixed at any production level from 250.000 10 400.000 units. The remaining 70%. Of the annual overhead COSIS are variable with volume accepting the new business would involve no additional selling expenses laccepting the new business would increase administrative expenses by a 95.000 fixed amount Total Per Unit Amounts Normal Volume New Business Normal Volume New Business Combined Sales ? ? ? ? ? Variable Costs: Direct labor ? ? ? ? ? Direct materials ? ? ? ? ? Variable ? ? ? ? ? Overhead ? ? ? ? ? Total Variable ? Costs Contribution ? Margin ? ? ? ? ? ? ? ? ? ? Fixed Costs: Fixed Overhead Selling expenses Administrative expenses ? ? ? ? ? ? Total fixed costs Operating income ? ? ? Jones Products manufactures and sells to wholesalers approximately 300.000 Packages per year of underwater markets at 13.860 per package Annual Costs for the production land sale of this quantity are Ishown in the table. Direct materials Direct labor overhead Selling expenses admin expenses Total cost pexpenses $384.000 00 000 288.000 120.000 80.000 g968.000 A new wholesaler hos offered Ho buy 50.000 packages for $3.30 each. These markers would be marketed under the Wholesalers name and would not affect Jones Products Sales through its normal channels. A Study of the COSIS Of this additional business reveals the following - Direct maienais cost are 1007. variable - Per unit direct labor cost for the additional Units would be 50% higher than normal because their production would require overtime pay a 12 times the usual labor rote - 30%. Of the normalannual overhead costs are fixed at any production level from 250.000 10 400.000 units. The remaining 70%. Of the annual overhead COSIS are variable with volume accepting the new business would involve no additional selling expenses laccepting the new business would increase administrative expenses by a 95.000 fixed amount Total Per Unit Amounts Normal Volume New Business Normal Volume New Business Combined Sales ? ? ? ? ? Variable Costs: Direct labor ? ? ? ? ? Direct materials ? ? ? ? ? Variable ? ? ? ? ? Overhead ? ? ? ? ? Total Variable ? Costs Contribution ? Margin ? ? ? ? ? ? ? ? ? ? Fixed Costs: Fixed Overhead Selling expenses Administrative expenses ? ? ? ? ? ? Total fixed costs Operating income
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