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Metlock, Inc. is a company that manufactures and sells a single product. Unit sales for...

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Accounting

Metlock, Inc. is a company that manufactures and sells a single product. Unit sales for
each of the four quarters of 2025 are projected as follows.
Quarter
First
Second
Third
Fourth
Annual total
Units
100,800
189.000
693.000
151.200
1,134,000
Metlock incurs variable manufacturing costs of $0.40 per unit and variable
nonmanufacturing costs of $0.35 per unit. Metlock will incur fixed manufacturing costs of
$907,200 and fixed nonmanufacturing costs of $1,360,800. Metlock will sell its product
for $4 per unit.
Determine the amount of net income Metlock will report in each of the four quarters of 2025, assuming actual sales are as
projected and employing the integral approach to interim financial reporting. (Ignore income taxes.) Repeat the analysis under the
discrete approach. (Round answers to 0 decimal places, e.g.5,125. Enter negative amounts using either a negative sign preceding the
number e.g.-45 or parentheses e.g.(45).)
Compute Metlock's profit margin on sales for each of the four quarters of 2025 under both the integral and discrete approaches.
(Round answers to 1 decimal place, e.g.52.5%. Enter negative amounts using either a negative sign preceding the number e.g.-45 or
parentheses e.g.(45).)
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