21. Future Company's projected income statement for the month before any special order is as follows: P 96,000 76,800 19,200 7,200 12,000 Sales Cost of goods sold Gross profit Selling expenses Operating income The company's income statement was based on an expected sale of 4,800 units. Fixed costs includes in the projected income statement are P19,200 cost of goods sold and P2,160 of selling expenses. A special order offering to buy 480 units for P17 each was made to Future Company. No additional selling expenses will be incurred if the special order is accepted. Future has the capacity to manufacture 480 units As a result of the special order, by how much would income increase? *write positive if increase and negative if decrease, no need to write the word increase or decrease.

21. Future Company's projected income statement for the month before any special order is as follows: P 96,000 76,800 19,200 7,200 12,000 Sales Cost of goods sold Gross profit Selling expenses Operating income The company's income statement was based on an expected sale of 4,800 units. Fixed costs includes in the projected income statement are P19,200 cost of goods sold and P2,160 of selling expenses. A special order offering to buy 480 units for P17 each was made to Future Company. No additional selling expenses will be incurred if the special order is accepted. Future has the capacity to manufacture 480 units As a result of the special order, by how much would income increase? *write positive if increase and negative if decrease, no need to write the word increase or decrease.

Name: 21. Future Company's projected income statement for the month before
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Description: 21. Future Company's projected income statement for the month before any special order is asfollows:P 96,00076,80019,200SalesCost of goods soldGross profitSelling expensesOperating income7,20012,000The company's income statement was based on an expe

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 1PB: When prices are falling (deflation), which costing method would produce the highest gross margin for...

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