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Running head: ACCOUNTING QUESTIONSWeek Three Accounting QuestionsYOUR NAME(S)ACC/561DATEPROFESSORS NAMEWeek Three Accounting QuestionsQuestion 2-48, CVP and Financial Statements for a Mega-Brand Company20062007Net sales 68,222.00 75,044.20 Costs of products sold (33,125.00) (36,437.50)Selling, general, and administrative expense (21,848.00) (21,848.00)Operating income 13,249.00 (b)16,758.70 (a)The percentage increase in income = (a - b) / b = 26.49%The percentage increase in income differs from the percentage increase in sales due to the fact that the expenses are somewhat fixed. Accordingly, such a value does not change regardless of what kind of activity occurs.Question 2-61, CVP in a Modern Manufacturing Company1)Old Production OperationNew Production OperationSales $ 1,860,000 $ 1,860,000 V Cost 1,260,000 660,000 GP $ 600,000 $ 1,200,000 F Cost 580,000 1,140,000 Budgeted Profit $ 20,000 $ 60,000 Old Production OperationNew Production Operation2)F Cost 580,000 1,140,000 Div. G Profit 600,000 1,200,000 x Exp Vol. 600,000

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