Assignment Gradebook ORION Downloadable aTextbook ignment CALCULATOR |FULL SCREEN PRINTER VERSION BACK question s Marigold Company has four operating divisions. During the first quarter of 2017, the company reported segregate income from operations of $208,509 and the following divisional Division II III TV Sales $247,000 $158,000 $497,000 $449,000 Cost of goods sold 195,000 194,000 301,000 247,000 Selling and administrative capenuts 74,200 57,000 60,000 54,000 Income (loss) from operations $ (22,200) $ (53,000) $136/000 $148,000 Analysis reveals the following percentages of variable costs in each division. I II III TV Cost of goods sold 73 5% 90 9% 77 % Selling and administrating expenses 40 57 52 58 Discontinuance of any division would save 50% of the fixed costs and expenses for that division. Top management is very concerned about the unprofitable divisions ([ and !!): Consensus is that one or both of the divisions should be discontinued. Your answer is correct. Compute the contribution margin for Divisions I and II (Enter negative amounts ofing either a negative sign preceding the number rip. -4 or parentheses s.g. (45).) Division I Division II Contribution margin 74 030 4,090 Since Petey | 1020 31 2030.John Wiler & Son. Joe, All Rights Reverved. A Division of John Wiley & Sets. Inc. Version 4.24. 19. to searchssignment CALCULATOR FULL SCREEN PRINTER VERS CES Your answer is partially correct. Try again. Prepare an incremental analysis concerning the possible discontinuance of Division 1. (Round answers to 0 decimal places, e.g. 1525. If amount decreases n enter the amount using either a negative sign preceding the number e.g. -45 or parentheses s-g. (45).) Continue Net Income Eliminate Increase ( Decrease) idy Contribution margin 74,970 -74,970 Fixed costs Cost of goods sold Selling and administrative Total fixed expenses Income (loss) from operations 32,200 -26.385 LINK TO TEXT Your answer is partially correct. Try again, Privacy Policy | 5-_2000-2:020 ishin Wiley & Sons. Inc. All Rights Reserved. A Division of John Wiley & Sans. Inc. re to search D