Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. cu alept in progress sheridan sports inc manufactu

cu Alept in Progress Sheridan Sports Inc manufactures basketballs for the Women's National Basketball Association...

70.2K

Verified Solution

Question

Accounting

image
cu Alept in Progress Sheridan Sports Inc manufactures basketballs for the Women's National Basketball Association (WNBA). For the first 6 months of 2022, the company reported the following operating results while operating at 80% of plant capacity and producing 119,800 units. Amount Sales $4,792.000 Cost of goods sold 3,542,888 Selling and administrative expenses 475.382 Net income $773.730 Fixed costs for the period were cost of goods sold $ 960,000, and selling and administrative expenses $ 225,000 In July, normally a slack manufacturing month, Sheridan Sports receives a special order for 10,000 basketballs at $27 each from the Greek Basketball Association (GBA). Acceptance of the order would increase variable selling and administrative expenses $0.74 per unit because of shipping costs but would not increase fixed costs and expenses

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Discuss the major differences between the cost of capital for a domestic firm compared to an...

Advance Math
1.2K views

Consider the matrix A = [2, -1, 1, 2; 0, 2, 1, 1; 0, 0,...

Biology
1.2K views

1: Compairing the sequences of the 16S and 18S rRNAs has placed living organisms into the...

Physics
1.2K views

please make all the math not just words! In a newton ring experiment R = 10...

Psychology
1.2K views

Compare scholarly sources and peer reviewed sources, what are the similarities and differences

Geometry
1.2K views

4 Note Please give all approximate answers rounded to nearest thousandths Keep answers exact in...

Accounting
1.2K views

Estimated revenues $3,150,000 Revenues $3,190,000 Appropriations $3,185,000 Expenditures $3,175,000 Fund Balance- Unassigned (beginning of the...

Accounting
1.2K views

The cumulative average labor hours to assemble the first five units of product A was...

Accounting
1.2K views

Marvel Parts, Inc., manufactures auto accessories. One of the companys products is a set of...

Accounting
1.2K views

Question 1: Prepare the Balance Sheet based on the information supplied. Question 2: Compute the...

Accounting
1.2K views

E3-18 Effects of errors on financial statements The accountant for Healthy Medical Co., a medical...

Accounting
1.2K views

Pat Inc. purchased the $100,000 face value outstanding bonds of Slinger Company, its 80%-owned subsidiary,...