Business, 16.03.2020 20:06 sevanah5506

The annual data that follows pertain to Goggles 4 Upper U, a manufacturer of swimming goggles (the company had no beginning inventory):

Sales price$45
Variable manufacturing expense per unit$20
Sales commission expense per$7
Fixed manufacturing overhead$19,80,000
Fixed operating expenses $250,000
Number of goggles produced220,000
Number of goggles sold198,000

Requirements
1. Prepare both conventional (absorption costing) and contribution margin (variable costing) income statements for Flannery Water Optics for the year.
2. Which statement shows the higher operating income? Why?
3. The company marketing vice president believes a new sales promotion that costs $165,000 would increase sales to 240,000 goggles. Should the company go ahead with the promotion? Give your reason.

Answers: 1

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The annual data that follows pertain to Goggles 4 Upper U, a manufacturer of swimming goggles (the c...

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