Harold Manufacturing produces denim clothing. This year, it produced 5,200 denim jackets at a manufacturing cost of $42.00 each. These jackets were damaged in the warehouse during storage. Management investigated the matter and identified three alternatives for these jackets. Jackets can be sold as is to a secondhand clothing shop for $7.00 each. Jackets can be disassembled at a cost of $32,000 and sold to a recycler for $12.00 each. Jackets can be reworked and turned into good jackets. However, with the damage, management estimates it will be able to assemble the good parts of the 5,200 jackets into only 3,030 jackets. The remaining pieces of fabric will be discarded. The cost of reworking the jackets will be $102,700, but the jackets can then be sold for their regular price of $44.00 each.
Calculate the incremental income.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Harold Manufacturing produces denim clothing. This year, it produced 5,200 denim jackets at a manufacturing cost of $42.00 each. These ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Assuming normal balances, which of the following statements is not true for T accounts? a. The excess of the credits of a liability account over the debits is the balance of the account. b.
Answers (1)
In which book of prime (original) entry are invoices issued by a trader recorded?
Answers (1)
CircuitTown commenced a gift card program in January 2018 and sold $12,900 of gift cards in January, $19,950 in February, and $19,800 in March of 2018 before discontinuing further gift card sales.
Answers (1)
According to Mintzberg's organizational structures, hospitals and universities are examples of a: a. simple structure. b. professional bureaucracy. c. divisionalized form. d. machine bureaucracy.
Answers (1)
A new public works project requires 20,000 hours of labor to complete. a. Suppose the labor market is perfectly competitive and the market wage is $15. What is the opportunity cost of the labor employed? b.
Answers (1)
New Questions in Business
1. The level of prices and the value of money Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one cup of tea, one biscuit, and one magazine. In year one, the basket costs $9.00.
Answers (1)
March 1 Issues 49,000 additional shares of $1 par value common stock for $46 per share. May 10 Purchases 4,400 shares of treasury stock for $49 per share. June 1 Declares a cash dividend of $1.20 per share to all stockholders of record on June 15.
Answers (1)
Bonita Industries had the following information at December 31: Finished goods inventory, January 1 $ 70000 Finished goods inventory, December 31 150000 If the cost of goods manufactured during the year amounted to $2200000 and annual sales were
Answers (1)
Refer to table 17-14. which outcome is the nash equilibrium in this game?
Answers (1)
Which of the following will cause a movement along the supply curve? Group of answer choices An increase or decrease in the raw materials costs. A change in the market price of a good, other things held constant. An increase in labor costs.
Answers (1)