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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 1 Day Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Parker Manufacturers produces can openers. For the first six months of 2008, the company reported the following operating results while operating at 80% of plant capacity. Sales $4,000,000 Cost of Goods Sold $2,500,000 Gross Profit $1,500,000 Operating expenses $1,000,000 Net Income $500,000 Cost of Goods sold was 70% variable and 30% fixed. Operating expenses were 70% variable and 30% fixed. In September 2008, Parker Manufacturers receives a special order for 20,000 can openers at $7.50 from a foreign company. Acceptance of the special order would result in $7,000 of shipping costs but no increase in fixed operating expenses.
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