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Exercise 14-33 Drop Product Line (LO 14-4, 14-5) Day Street Deli's owner is disturbed by the poor prot performance of his ice cream counter. He
Exercise 14-33 Drop Product Line (LO 14-4, 14-5) Day Street Deli's owner is disturbed by the poor prot performance of his ice cream counter. He has prepared the following prot analysis for the yearjust ended. Sales $67,000 Less: Cost of food 31,000 Gross profit $36,000 Less: Operating expenses: Wages of counter personnel $16,400 Paper products (e.g., napkins) 6,200 Utilities (allocated) 4,000 Depreciation of counter equipment and furnishings 3,600 Depreciation of building (allocated) 6,200 Deli manager's salary (allocated) 4,100 Total 40,500 Loss on ice cream counter $(4,500) Required: Correct the owner's prot analysis for the yearjust ended. Less: Operating expenses Total 0
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