Please do not give solution in image format thank you JART manufactures and sells underwater markers. Its contribution margin income statement follows.Contribution Margin Income StatementPer Unit$ 7.00For Year Ended December 31Sales (480,000 units)Variable costsDirect materialsDirect laborVariable overheadContribution marginFixed costsFixed overheadFixed general and administrativeIncome1.520.380.704.40●0.300.20$ 3.90Required:1. Compute income from the special offer.Annual Total$ 3,360,000729,600182,400336,0002,112,000A potential customer offers to buy 58,000 units for $3.70 each. These sales would not affect the company's sales through its normalchannels. Details about the special offer follow.144,00096,000$ 1,872,000• Direct materials cost per unit and variable overhead cost per unit would not change.• Direct labor cost per unit would be $0.56 because the offer would require overtime pay.Accepting the offer would require incremental fixed general and administrative costs of $5,800.Accepting the offer would require no incremental fixed overhead costs. SalesVariable costsSpecial Offer AnalysisDirect materialsDirect laborVariable overheadContribution marginFixed costsFixed overheadFixed general and administrativeIncome (loss)Per Unit0.000.00 $Total00

Lets understand the basics.The businesses may receive special orders over and above their normal…

JART manufactures and sells underwater markers. Its contribution margin income statement follows. Contribution Margin Income Statement Per Unit $7.00 For Year Ended December 31 Sales (480,000 units) Variable costs Direct materials. Direct labor Variable overhead Contribution margin. Fixed costs Fixed overhead Fixed general and administrative Income 1.52 0.38 0.70 4.40 0.30 0.20 $ 3.90 Annual Total $ 3,360,000 729,600 182,400 336,000 2,112,000 144,000 96,000 $ 1,872,000

JART manufactures and sells underwater markers. Its contribution margin income statement follows. Contribution Margin Income Statement Per Unit $7.00 For Year Ended December 31 Sales (480,000 units) Variable costs Direct materials. Direct labor Variable overhead Contribution margin. Fixed costs Fixed overhead Fixed general and administrative Income 1.52 0.38 0.70 4.40 0.30 0.20 $ 3.90 Annual Total $ 3,360,000 729,600 182,400 336,000 2,112,000 144,000 96,000 $ 1,872,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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