View Policies. Current Attempt in Progress ThreePoint Sports Inc. manufactures basketballs for the Women's National Basketball...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
View Policies. Current Attempt in Progress ThreePoint Sports Inc. manufactures basketballs for the Women's National Basketball Association (WNBA). For the first 6 months of 2020, the company reported the following operating results while operating at 80% of plant capacity and producing 120,000 units. Sales Cost of goods sold Selling and administrative expenses Net income Amount $4,680,000 3,700,800 532,400 $446,800 Fixed costs for the period were cost of goods sold $960,000, and selling and administrative expenses $260,000. In July, normally a slack manufacturing month, ThreePoint Sports receives a special order for 10,000 basketballs at $27 each from the Greek Basketball Association (GBA). Acceptance of the order would increase variable selling and administrative expenses $0.75 per unit because of shipping costs but would not increase fixed costs and expenses. Revenues (a) Prepare an incremental analysis for the special order. (Round all per unit computations to 2 decimal places, eg. 15.25. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Reject Order Accept Order Net Income Increase (Decrease) Question 1 of 1 Revenues: Cost of goods sold Selling and administrative expenses Net income (b) Should ThreePoint Sports Inc. accept the special order? eTextbook and Media Reject Order Minimum selling price $ 19 Accept Order $ $ Net Income Increase (Decrease) -/1 E What is the minimum selling price on the special order to produce net income of $5.14 per ball? (Round answer to 2 decimal places, e.g. 15.25.) View Policies. Current Attempt in Progress ThreePoint Sports Inc. manufactures basketballs for the Women's National Basketball Association (WNBA). For the first 6 months of 2020, the company reported the following operating results while operating at 80% of plant capacity and producing 120,000 units. Sales Cost of goods sold Selling and administrative expenses Net income Amount $4,680,000 3,700,800 532,400 $446,800 Fixed costs for the period were cost of goods sold $960,000, and selling and administrative expenses $260,000. In July, normally a slack manufacturing month, ThreePoint Sports receives a special order for 10,000 basketballs at $27 each from the Greek Basketball Association (GBA). Acceptance of the order would increase variable selling and administrative expenses $0.75 per unit because of shipping costs but would not increase fixed costs and expenses. Revenues (a) Prepare an incremental analysis for the special order. (Round all per unit computations to 2 decimal places, eg. 15.25. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Reject Order Accept Order Net Income Increase (Decrease) Question 1 of 1 Revenues: Cost of goods sold Selling and administrative expenses Net income (b) Should ThreePoint Sports Inc. accept the special order? eTextbook and Media Reject Order Minimum selling price $ 19 Accept Order $ $ Net Income Increase (Decrease) -/1 E What is the minimum selling price on the special order to produce net income of $5.14 per ball? (Round answer to 2 decimal places, e.g. 15.25.)
Expert Answer:
Answer rating: 100% (QA)
Reject Order Accept Order Net Income IncreaseDecrea... View the full answer
Related Book For
Financial And Managerial Accounting
ISBN: 9.78E+12
4th Edition
Authors: Jerry J Weygandt, Paul D Kimmel, Jill E Mitchell
Posted Date:
Students also viewed these accounting questions
-
View Policies Current Attempt in Progress Coronado Wholesalers Ltd. has a December 31 year end. The company incurred the following transactions related to current liabilities: 1. Coronado's cash...
-
ThreePoint Sports Inc. manufactures basketballs for the Womens National Basketball Association (WNBA). For the first 6 months of 2020, the company reported the following operating results while...
-
Hyper Sports Inc. manufactures basketballs for the National Basketball Association (NBA). For the first 6 months of 2011, the company reported the following operating results while operating at 90%...
-
Use the present value tables in Appendix A and Appendix B to compute the NPV of each of the following cash inflows. a. $89,000 received at the end of six years. The discount rate is 4 percent. b....
-
Fred has purchased a new video game. He has made three backup copies for his own use and has improved the speed of the game to challenge his skill level. Discuss the permissibility of each of these...
-
1. Vendors and users are investing a great deal of money in applying big data methods to SIEM. If there is a less expensive way to achieve the same objective, someone will think of it and, if...
-
On May 1, 2020, Setup Inc. sold an issue of 5\%, \(\$ 1,000\) bonds dated January 1, 2020, to yield 5\%. The bonds pay interest every June 30 and December 31, and mature December 31, 2024. Required...
-
The Albring Company sells electronics equipment, and has grown rapidly in the last year by adding new customers. The audit partner has asked you to evaluate the allowance for doubtful accounts at...
-
23.6X/J. Persad's year ended on 30 June 2004. Write up the ledger accounts, showing the transfers to the final accounts and the balances carried down to the next year for the following. (a)...
-
George and Harry Haygood are building contractors who specialize in the construction of private home dwellings, storage warehouses, and small businesses (less than 20,000 sq. ft. of floor space)....
-
Read the below scenarios and address the scenario that pertains to your last name. Ensure to respond to a classmate's scenario that wasn't your initial post. 1. Last Names Between A-H Respond to the...
-
Answer the three following questions regarding Gap analysis. Explain how the Integrated Development Model thats attached analysis process works? Explain how the model can be used to compare...
-
create a literature review on 'how do you meet the learning needs of students with learning challenges" Identify a target audience for your literature review. Conduct a focused literature search of...
-
What are the unique challenges and opportunities associated with banking in emerging markets, and how do global banks adapt to these environments?
-
For the graph shown below, find all values of x for which f(x) is not differentiable. -6 -5 -2 -1 y 6 + 3 2 O w -5 2 3 4 6 X
-
Explain the significance of Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations in the banking sector. How do banks implement these regulations in practice?
-
Kazim During enrolment at Little.ly Early Learning Centre, Talia (Kazim's mother) told Yindi (the Educator) that she was nervous about leaving Kazim (22 months) in long daycare. Yindi told Kazim's...
-
Q:1 Take any product or service offered in Pakistan and apply all determinents of customer Perceived value ?
-
What is an activity cost pool?
-
The following are the components in Gates Company's income statement. Determine the missing amounts, assuming that there are no nonoperating activities. b. C. Sales Revenue $75,000 $108,000 ? Cost of...
-
Rodriguez, Inc., is preparing its direct labor budget for 2022 from the following production budget based on a calendar year. Each unit requires 1.5 hours of direct labor. Instructions Prepare a...
-
Correctly apply the order of operations to compute the following: \(13+3^{4} \times 8 / 6 \times 5^{2}-3 \times 4\)
-
Banks and credit cards often base their interest on the average daily balance of an account, which is the average of the balance from each day of the period. The account balance of Jada's checking...
-
Use your calculator to calculate (-77)/(-11). Explain how the answer agrees with what was expected.
Study smarter with the SolutionInn App