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* Problem 12-1 Sheffield Sports Inc. manufactures basketballs for the Women's National Basketball Association (WNBA). For the first 6 months of 2017, the company reported the following operating results while operating at 80% of plant capacity and producing 120,100 units. Sales Cost of goods sold Selling and administrative expenses Net Income Amount $4,804,000 3,503,718 447,783 $852,499 Fixed costs for the period were cost of goods sold $960,000, and selling and administrative expenses $228,000 In July, normally a slack manufacturing month,...
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ThreePoint Sports Inc. manufactures basketballs for the Women’s
National Basketball Association (WNBA). For the first 6 months of
2020, the company reported the following operating results while
operating at 80% of plant capacity and producing 120,100
units.
Amount
Sales
$4,804,000
Cost of goods sold
3,503,718
Selling and administrative expenses
447,783
Net income
$852,499
Fixed costs for the period were cost of goods sold $960,000, and
selling and administrative expenses $228,000.
In July, normally a slack manufacturing month, ThreePoint Sports
receives...
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ThreePoint Sports Inc. manufactures basketballs for the Women’s
National Basketball Association (WNBA). For the first 6 months of
2020, the company reported the following operating results while
operating at 80% of plant capacity and producing 119,900 units.
Amount
Sales
$4,676,100
Cost of goods sold
3,527,059
Selling and administrative expenses
482,601
Net income
$666,440
Fixed costs for the period were cost of goods sold $960,000, and
selling and administrative expenses $244,000.
In July, normally a slack manufacturing month, ThreePoint Sports
receives...
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Problem 12-1 Ayayai Sports Inc. manufactures basketballs for the Women's National Basketball Association (WNBA). For the first 6 months of 2017, the company reported the following operating results while operating at 80% of plant capacity and producing 118,500 units. Sales Cost of goods sold Selling and administrative expenses Net income Amount $4,503,000 3,448,500 402,750 $651,750 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, Ayayai...
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ThreePoint Sports Inc. manufactures basketballs for the Women’s
National Basketball Association (WNBA). For the first 6 months of
2020, the company reported the following operating results while
operating at 80% of plant capacity and producing 118,800 units.
Amount
Sales
$4,514,400
Cost of goods sold
3,633,000
Selling and administrative
expenses
517,540
Net income
$363,860
Fixed costs for the period were cost of goods sold $960,000, and
selling and administrative expenses $274,000.
In July, normally a slack manufacturing month, ThreePoint Sports
receives...
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ThreePoint Sports Inc. manufactures basketballs for the Women’s
National Basketball Association (WNBA). For the first 6 months of
2017, the company reported the following operating results while
operating at 80% of plant capacity and producing 119,100
units.
Amount
Sales
$4,525,800
Cost of goods sold
3,519,459
Selling and administrative expenses
412,841
Net income
$593,500
Fixed costs for the period were cost of goods sold $960,000, and
selling and administrative expenses $233,000.
In July, normally a slack manufacturing month, ThreePoint Sports
receives...
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ThreePoint Sports Inc. manufactures basketballs for the Women’s
National Basketball Association (WNBA). For the first 6 months of
2020, the company reported the following operating results while
operating at 80% of plant capacity and producing 118,700 units.
Amount
Sales
$4,748,000
Cost of goods sold
3,582,083
Selling and administrative expenses
503,262
Net income
$662,655
Fixed costs for the period were cost of goods sold $960,000, and
selling and administrative expenses $235,000.
In July, normally a slack manufacturing month, ThreePoint Sports
receives...
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ThreePoint Sports Inc. manufactures basketballs for the Women’s
National Basketball Association (WNBA). For the first 6 months of
2020, the company reported the following operating results while
operating at 80% of plant capacity and producing 119,400 units.
Amount
Sales
$4,776,000
Cost of goods sold
3,509,190
Selling and administrative expenses
513,516
Net income
$753,294
Fixed costs for the period were cost of goods sold $960,000, and
selling and administrative expenses $258,000.
In July, normally a slack manufacturing month, ThreePoint Sports
receives...
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Problem 20-1A ThreePoint Sports Inc, manufactures basketballs for the Women's National Basketball Association (WNBA). For the first 6 months of 2017, the company reported the following operating results while operating at 80% of plant capacity and producing 119,900 units. Amount Sales $4,676,100 3,569,024 Cost of goods sold Selling and administrative expenses 443,437 Net income $663,639 Fixed costs for the period were cost of goods sold $960,000, and selling and administrative expenses $248,000. In July, normally a slack manufacturing month, ThreePoint...
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Problem 21-1A ThreePoint Sports Inc. manufactures basketballs for the Women's National Basketball Association (WNBA). For the first 6 months of 2017, the company reported the following operating results while operating at 80% of plant capacity and producing 120,400 units. Sales Cost of goods sold Selling and administrative expenses Net income Amount $ 4,816,000 3,700,304 492,084 $ 623,612 Fixed costs for the period were cost of goods sold $ 960,000, and selling and administrative expenses $ 226,000. In July, normally a...
* Problem 12-1 Sheffield Sports Inc. manufactures basketballs for the Women's National Basketball Association (WNBA). For the first 6 months of 2017, the company reported the following operating results while operating at 80% of plant capacity and producing 120,100 units. Sales Cost of goods sold Selling and administrative expenses Net Income Amount $4,804,000 3,503,718 447,783 $852,499 Fixed costs for the period were cost of goods sold $960,000, and selling and administrative expenses $228,000 In July, normally a slack manufacturing month,...
Problem 12-1 Ayayai Sports Inc. manufactures basketballs for the Women's National Basketball Association (WNBA). For the first 6 months of 2017, the company reported the following operating results while operating at 80% of plant capacity and producing 118,500 units. Sales Cost of goods sold Selling and administrative expenses Net income Amount $4,503,000 3,448,500 402,750 $651,750 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, Ayayai...
ThreePoint Sports Inc. manufactures basketballs for the Women’s
National Basketball Association (WNBA). For the first 6 months of
2017, the company reported the following operating results while
operating at 80% of plant capacity and producing 119,100
units.
Amount
Sales
$4,525,800
Cost of goods sold
3,519,459
Selling and administrative expenses
412,841
Net income
$593,500
Fixed costs for the period were cost of goods sold $960,000, and
selling and administrative expenses $233,000.
In July, normally a slack manufacturing month, ThreePoint Sports
receives...
ThreePoint Sports Inc. manufactures basketballs for the Women’s
National Basketball Association (WNBA). For the first 6 months of
2020, the company reported the following operating results while
operating at 80% of plant capacity and producing 118,700 units.
Amount
Sales
$4,748,000
Cost of goods sold
3,582,083
Selling and administrative expenses
503,262
Net income
$662,655
Fixed costs for the period were cost of goods sold $960,000, and
selling and administrative expenses $235,000.
In July, normally a slack manufacturing month, ThreePoint Sports
receives...
Problem 20-1A ThreePoint Sports Inc, manufactures basketballs for the Women's National Basketball Association (WNBA). For the first 6 months of 2017, the company reported the following operating results while operating at 80% of plant capacity and producing 119,900 units. Amount Sales $4,676,100 3,569,024 Cost of goods sold Selling and administrative expenses 443,437 Net income $663,639 Fixed costs for the period were cost of goods sold $960,000, and selling and administrative expenses $248,000. In July, normally a slack manufacturing month, ThreePoint...
Problem 21-1A ThreePoint Sports Inc. manufactures basketballs for the Women's National Basketball Association (WNBA). For the first 6 months of 2017, the company reported the following operating results while operating at 80% of plant capacity and producing 120,400 units. Sales Cost of goods sold Selling and administrative expenses Net income Amount $ 4,816,000 3,700,304 492,084 $ 623,612 Fixed costs for the period were cost of goods sold $ 960,000, and selling and administrative expenses $ 226,000. In July, normally a...