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Question - Tamarisk, Inc. is a company that manufactures and sells a single product. Unit sales for each of the four quarters of 2020 are projected as follows.
Quarter
Units
First
96,000
Second
180,000
Third
660,000
Fourth
144,000
Annual total
1,080,000
Tamarisk incurs variable manufacturing costs of $0.40 per unit and variable nonmanufacturing costs of $0.35 per unit. Tamarisk will incur fixed manufacturing costs of $864,000 and fixed nonmanufacturing costs of $1,296,000. Tamarisk will sell its product for $4 per unit.
Required -
(a) Determine the amount of net income Tamarisk will report in each of the four quarters of 2020, assuming actual sales are as projected and employing the integral approach to interim financial reporting. (Ignore income taxes.) Repeat the analysis under the discrete approach.
(b) Compute Tamarisk's profit margin on sales for each of the four quarters of 2020 under both the integral and discrete approaches.
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