7,000 units) goods sold rofit ng expenses me $6,930,000 5,005,000 1,925,000 770,000 $1,155,000 oods sold was 80% variable and 20% fixed; operating expenses were 70% variable and 30% fixed. er, Lily Company receives a special order for 3,900 fireplaces at $62 each from Langston's Landscape Co 20
7,000 units) goods sold rofit ng expenses me $6,930,000 5,005,000 1,925,000 770,000 $1,155,000 oods sold was 80% variable and 20% fixed; operating expenses were 70% variable and 30% fixed. er, Lily Company receives a special order for 3,900 fireplaces at $62 each from Langston's Landscape Co 20
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 5PB: Wellington, Inc., reports the following contribution margin income statement for the month of May....
Related questions
Question
please show the calculation used to fill each answer box. Thank you
![(a)
Prepare an incremental analysis for the special order. (Enter loss using either a negative sign preceding the number e.g. -2,945 or
parentheses e.g. (2,945).)
Revenues
Costs
Cost of Goods Sold
Operating Expenses
Shipping Expenses
Net Income
tA
$
Reject order
$
LA
$
Accept order
241800
$
Net Income
Increase (Decrease)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fac06c900-dc52-42b8-b0c3-6a4d7bd22308%2Fb5bee248-6206-4e02-9b45-a2c9dc1ab9ad%2Fk73yhmu_processed.png&w=3840&q=75)
Transcribed Image Text:(a)
Prepare an incremental analysis for the special order. (Enter loss using either a negative sign preceding the number e.g. -2,945 or
parentheses e.g. (2,945).)
Revenues
Costs
Cost of Goods Sold
Operating Expenses
Shipping Expenses
Net Income
tA
$
Reject order
$
LA
$
Accept order
241800
$
Net Income
Increase (Decrease)
![Lily Company manufactures outdoor fireplaces. For the first 9 months of 2020, the company reported the following operating results
while operating at 80% of plant capacity:
Sales (77,000 units)
Cost of goods sold
Gross profit
Operating expenses
Net income
$6,930,000
5,005,000
1,925,000
770,000
$1,155,000
Cost of goods sold was 80% variable and 20% fixed; operating expenses were 70% variable and 30% fixed.
In October, Lily Company receives a special order for 3,900 fireplaces at $62 each from Langston's Landscape Company. Acceptance
of the order would result in an additional $6,300 of shipping costs but no increase in fixed operating expenses.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fac06c900-dc52-42b8-b0c3-6a4d7bd22308%2Fb5bee248-6206-4e02-9b45-a2c9dc1ab9ad%2Fku6j9rm_processed.png&w=3840&q=75)
Transcribed Image Text:Lily Company manufactures outdoor fireplaces. For the first 9 months of 2020, the company reported the following operating results
while operating at 80% of plant capacity:
Sales (77,000 units)
Cost of goods sold
Gross profit
Operating expenses
Net income
$6,930,000
5,005,000
1,925,000
770,000
$1,155,000
Cost of goods sold was 80% variable and 20% fixed; operating expenses were 70% variable and 30% fixed.
In October, Lily Company receives a special order for 3,900 fireplaces at $62 each from Langston's Landscape Company. Acceptance
of the order would result in an additional $6,300 of shipping costs but no increase in fixed operating expenses.
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