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You have been ssked to assist the management of Ironwood Corporation in arriving at certain decisions. Ironwood has its home office In Michigan and lesses factory buildings in Wisconsin, Minnesots, and North Dakots, all of which produce the same product Ironwood's management provides you with a projection of operations for next year, ss foows. Total Wisconsin Minnesota North Dakota Sales $ 52,00 54. $278, 5151.ace Fixed costs Factory 218,82 127.80 59,800 52,200 Adsinistration 65. 38, 22, 6. Variable costs 285, 134,82 79.000 Allocated home office costs 12,8ce 46,00 34, 29,ace Total $589,8te 9325,80 $195, $148.00 Operating profit $183,800 $125,82 $ 74.00 $ 3,800 The sales price per unit is $5. Due to the marginal results of operations of the factory in North Dakots, Ironwood has decided to cesses operations and sell that fsctory's machinery and equipment by the end of this year. Ironwood expects that the proceeds from the sale of these assets would equal al termination costs. Ironwood, however, would like to continue serving most of its customers in that area fit is economically jessible and is considering one of the following three sitemstives: Expand the operations of the Minnesota factory by using space presently Idle. This move would result in the following changes in that factory operations Increase Over Minnesota factory's current operations Sales revenue 51% Fixed costs Factory Administration 10 Under this proposal, variable costs would be $2 per unit sold. Enter into a long-term contract with a competitor that will serve thet area's customers. This competitor would pay Ironwooda royalty of $1.1 per unit based on an estimate of 25,000 units being sold. Close the North Dakota factory and not expand the operations of the Minnesots factory Total home office costs of $100,000 will remain the same under esch situation Required: To sast the management of Ironwood Corporation, complete the following schedule computing Ironwood's estimated operating profit from each of the following options a. Expansion of the Minnesota factory b. Negotiation of the long-term contract ons royalty best c Shutdown of the North Dakots operations with no expansion at other locations. Complete this question by entering your answers in the tabs below. Required A Required B Required Expansion of the Minnesota factory IRONWOOD CORPORATION Computation of Estimated Pront from Operations after Expansion of Minnesota Factory Minnesota factory Costs Total Less: Home office costs previously allocated to North Dakota factory Required A Required B > You have been asked to seast the management of Ironwood Corporation in arriving at certain decisions. Ironwood has its home office In Michigan and lesses factory buildings in Wisconsin, Minnesots, and North Dakots, all of which produce the same product Ironwood's management provides you with a projection of operations for next yess, ss foows. Total Wisconsin Minnesota North Dakota Sales were $852, 5431, $270, 5151.0 Fixed costs Factory 218,00 127,200 59, abe 52,80 Adsinistration 6. 38. 22,00 variable costs 285, 134,80 Allocated home office costs 100,00 46, 20.000 Total $569,868 $325,80 $196,838 $148.ace Operating profit $183, $125,00 $ 74,80 $ 3,80 2.0 The sales price per unit is $5. Due to the marginal results of operations of the factory in North Dakots, Ironwood has decided to cesse operations and sell thst isctory's machinery and equipment by the end of this year. Ironwood expects that the proceeds from the sale of these sssets would equal al termination costs. Ironwood, however would like to continue serving most of its customers in that ares if it is economically fessible and to considering one of the following three sitestives: Expand the operations of the Minnesota factory by using space presently Idle. This move would result in the following changes in that factory's operstions. Increase over Minesota factory's current operations Sales revenue 51% Fixed costs Factory 21 Adsinistration 10 Under this proposal, variable costs would be $2 per unit sold. Enter into a long-term contract with a competitor that will serve thet area's customers. This competitor would pay Ironwooda royalty of $11 per unit based on an estimate of 25.000 units being sold . Close the North Dakota factory and not expand the operations of the Minnesots factory Total home office costs of $100,000 will remain the same under esch situation Required: To sast the management of Ironwood Corporation, complete the following schedule computing Ironwood's estimated operating profit from each of the following options: .. Expansion of the Minnesota factory b. Negotiation of the long-term contract ons royalty bosis. c. Shutdown of the North Dakots operations with no expansion at other locations. Complete this question by entering your answers in the tabs below. Required a fquired Required Negotiation of the lone Required B by becas. IRONWOOD CORPORATION Computation of Estimated Pront from Operation after Negotiation of Royalty Contract Estimated operating profit Less: Home office costs previously allocated to North Dakota factory You have been asked to assist the management of Ironwood Corporation in arriving at certain decisions. Ironwood has is home office In Michigan and lesses factory buildings in Wisconsin, Minnesots, and North Dakots, all of which produce the same product. Ironwood's management provides you with a projection of operations for next yes, ss foows. Total Wisconsin Minnesota North Dakota Sales revenue $852,800 5431, $270,80 5151,800 Fixed costs Factory 218,820 127,80 52.00 Adsinistration 38, 6.800 variable costs 285, 134.00 78,8ce Allocated home office costs 182, 46.ee 34,800 20.000 Total 5669,860 $325,00 $106, 5148,820 Operating profit $13,86 Sias, $ 74,00 $3,000 65, The sales price per units S5. Due to the marginal results of operations of the factory in North Dakots, Ironwood has decided to cesse operations and sell that isctory's machinery and equipment by the end of this year. Ironwood expects that the proceeds from the sale of these sssets would equal al termination costs. Ironwood, however would like to continue serving most of its customers in that area if it is economically fessible and is considering one of the following three sitemstives: Expand the operations of the Minnesota factory by using space presently idle. This move would result in the following changes in that factory's operstions Increase over Minnesota factory's current operations Sales reven Fixed costs Factory Adsinistration 10 52% 21 Under this proposal, variable costs would be $2 per unit sold. Enter into a long-term contract with a competitor that will serve the rea's customers. This competitor would pay Ironwood royalty of $1.1 per unit based on an estimate of 25.000 units being sold. Close the North Dakota factory and not expand the operations of the Minnesots factory Total home office costs of $100,000 will remain the same under each situation Required: To sist the management of Ironwood Corporation, complete the following schedule computing Ironwood's estimated operating profit from each of the following options .. Expansion of the Minnesota factory b. Negotiation of the long-term contract on a royalty basis. c. Shutdown of the North Dakots operations with no expansion at other locations Complete this question by entering your answers in the tabs below. Required A fagured Required Shutdown of the North Dakota operations with no expansion at other locations IRONWOOD CORPORATION Computation of Estimated Proffrom Operations after Shutdown of North Dakota Factory Estimated operating proft Less: Home office costs previously allocated to North Dakota factory