Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. during the year, x company produced and sold 67,30

During the year, X Company produced and sold 67,300 units of one of its products....

60.1K

Verified Solution

Question

Accounting

During the year, X Company produced and sold 67,300 units of one of its products. The following is the related revenue and cost information:

Revenue $1,211,400
Cost of goods sold 561,955
Selling and administrative costs 302,177
Profit $347,268

Total variable cost of goods sold were $424,663, and total variable selling and administrative costs were $203,246.

At the end of the year, a company offered to buy 4,190 units but was only willing to pay $12.00 each.

4. If X Company had accepted the special order, firm profits would have increased by

A: $5,321 B: $7,715 C: $11,187 D: $16,222 E: $23,521 F: $34,106

5. There is concern that regular customers will find out about the special order, and in order to retain all of the X Company's regular customers, the regular selling price would have to be reduced by $0.50. If the selling price were reduced and next year's unit sales turn out to be the same as this year's sales, firm profits would fall by

A: $13,783 B: $17,229 C: $21,536 D: $26,920 E: $33,650 F: $42,062

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

th According to Bohr s theory the energy in the n 2 176 10 18...

Physics
Q

McGilla Golf has decided to sell a new line of golf clubs. The company would like...

Finance
Q

Q1// Do the electrons or phonons carry the greater part of the heat current in a...

Physics
Q

Translation A maps (x, y) to (x +r,y+s). Translation B maps (x, y) to (x...

Basic Math
Q

During 2012, Alvarez Manufacturing expected Job No. 26 to cost $336,000 of overhead, $400,000 of...

Accounting
Q

Chapter 20 Homework 0 Part 1 of 2 Score: 0 of 1 poin ents...

Accounting
Q

On April 22nd, Blue Company purchased inventory from Calistoga Corporation and and received an invoice...

Accounting
Q

[The following information applies to the questions displayed below.] Following are the transactions of a...

Accounting
Q

uegent pls Assuming a constant mix of 7 units of...

Accounting
Q

QUESTION ONE [35] Calculate Ltd was incorporated on 31 January 2020 with authorised capital as:...

Accounting
Q

6. Calculate the carrying amount and the tax base of the following assets and liabilities...

Accounting
Q

On April 1,2013 Verlin Co purchased new machinery for $300,000. The machinery has an estimated...

Accounting