(Solved):ThreePoint Sports Inc. manufactures basketballs for the Women’s National Basketball Association…

 

Question

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 119,400 units.

Amount
Sales $4,537,200
Cost of goods sold 3,570,084
Selling and administrative expenses 487,442
Net income $479,674

Fixed costs for the period were cost of goods sold $960,000, and selling and administrative expenses $257,000. In July, normally

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