Question
.: Sprint LTE 5:45 PM @ 43%O 61 + 5 Arkansas Company has no beginning and...
.: Sprint LTE 5:45 PM @ 43%O 61 + 5 Arkansas Company has no beginning and ending inventories, and has obtained the following data for its only product: Selling price per unit $65 Direct materials used $150,000 Direct labor $225,000 Variable factory overhead $140,000 Variable selling and administrative expenses $60,000 Fixed factory overhead $370,000 Fixed selling and administrative expenses $30,000 Units produced and sold 20,000 Assume there is excess capacity. There is a special order outstanding for 1,000 units at $40.00 per unit. If Arkansas Company accepts the special order, net income would More options
Answers
Answer is
Increase by $11250
Net income for special order = total revenue – total variable costs
Total revenue = 1000*40 = $40000
Variable cost per unit = (total direct materials + direct labor + variable overhead + variable selling and administrative expenses)/ total units produced = (150000+225000+140000+60000)/20000 = $28.75
Profit per unit = unit selling price – unit variable cost = 40-28.75 = $11.25
Net income Increases due to special order = 11.25*1000 = $11250
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