21. Future Company's projected income statement for the month before any special order is as follows: P 96,000 76,800 19,200 7,200 12,000 Sales Cost of goods sold Gross profit Selling expenses Operating income The company's income statement was based on an expected sale of 4,800 units. Fixed costs includes in the projected income statement are P19,200 cost of goods sold and P2,160 of selling expenses. A special order offering to buy 480 units for P17 each was made to Future Company. No additional selling expenses will be incurred if the special order is accepted. Future has the capacity to manufacture 480 units As a result of the special order, by how much would income increase? *write positive if increase and negative if decrease, no need to write the word increase or decrease.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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21. Future Company's projected income statement for the month before any special order is as
follows:
P 96,000
76,800
19,200
Sales
Cost of goods sold
Gross profit
Selling expenses
Operating income
7,200
12,000
The company's income statement was based on an expected sale of 4,800 units. Fixed costs
includes in the projected income statement are P19,200 cost of goods sold and P2,160 of selling
expenses. A special order offering to buy 480 units for P17 each was made to Future Company.
No additional selling expenses will be incurred if the special order is accepted. Future has the
capacity to manufacture 480 units
As a result of the special order, by how much would income increase?
*write positive if increase and negative if decrease, no need to write the word increase or
decrease.
Transcribed Image Text:21. Future Company's projected income statement for the month before any special order is as follows: P 96,000 76,800 19,200 Sales Cost of goods sold Gross profit Selling expenses Operating income 7,200 12,000 The company's income statement was based on an expected sale of 4,800 units. Fixed costs includes in the projected income statement are P19,200 cost of goods sold and P2,160 of selling expenses. A special order offering to buy 480 units for P17 each was made to Future Company. No additional selling expenses will be incurred if the special order is accepted. Future has the capacity to manufacture 480 units As a result of the special order, by how much would income increase? *write positive if increase and negative if decrease, no need to write the word increase or decrease.
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