ents of $ 1 00 and me Ribeiro Manufacturing Company has four operating divisions. During the first quarter of 2020, the company reported aggregate increm divisional rests: Division 1 11111 IV $509,500 $418,600 $313,300 $179, 100 Cost of goods sold 289,700 249.000 204.600 154.800 Selling and administrative expenses 60,100 75.400 67,400 75.000 Income (loss) from operations $159,700 594,200 $(20,700) $50.500) The analysis reveals the following percentages of variable costs in each division Cost of goods sold selling and administrative expenses 70% 38 11 9% 48 III 74% 65 TV 92% 70 Discontinuance of any division would save 50% of the fixed costs and expenses for that division Top management is very concerned about the proble m s and the con s isthat the company should discontinue one or both of these d ans Calculate the contribution margin for divisions 11 and I. (Enter negative amounts wing either a negative sin preceding the number -45 or parentheses (451) Divisions 111 Divisions IV Contribution margin Prepare an incremental analysis for the possible discontinuance of (1) division and (2) division using either a negative sign preceding the number -45 or parentheses (45) (Round answers to decimal places, s. 125. Enteralnegative amounts (1) Division Division 11 Keep Div. 111 Shut Div. III (Decrease) Contribution margin Fixed costs Prepare an incremental analysis for the possible discontinuance of (1) division 111 and (2) division IV (Round answers to using either a negative sin preceding the number of parentheses (45 ) decimal places, 125. Enter all negative amount (1) Division 11 Division II: Keep Div. 111 Shut Div. Income Increase (Decrease) Contribution margin Fixed costs Totals (2) Division IV Division IV Keep Div. TV Shut Div. IV (Decrease Contribution margin Foxed costs Totais What course of action do you recommend for each division? Division III should be Division I should be n Red costs are cated Prepare a condensed Income statement in columns for Ribeiro Manufacturing, assuming division IV is eliminated. Use the CVP format. Division I equally to the continuing division (Enter loss using either a negative sin preceding the number -45 or parentheses (451) RIBEIRO MANUFACTURING COMPANY CVP Income Statement do ch division? Division It should be Division IV should be Prepare a condensed income statement in columns for Ribeiro Manufacturing, assuming division IV is t edUse the CVP formati equally to the continuing division (Enterlossingether angives preceding the number eg.-5 or parentheses on (4 ) vidable feed costs are cated RIBEIRO MANUFACTURING COMPANY CVP Income Statement Div II DIT Recom.cne the total income from operations of $189,700 with the total income from operations without d o Income from operations with Division IV Incremental income from mang von IV Income from operations without Division IV Question Attempts of used AVE FOR LATER SUBMIT