I have submitted this EXACT question once before and it was wrong and completely out of order and so hard to follow. Can someone please help me to get this righ and have all the answers in order as showed in the picture please !!!
BACK NEXT Question 5 Martinez Company has four operating divisions. During the first quarter of 2017, the company reported aggregate income from operations of $212,400 and the following divisional results. Division Sales Cost of goods sold Selling and administrative expenses Income (loss) from operations $250,000 204,000 74,600 $ (28,600) $199,000 191,000 63,000 $ (557000) $498,000 295,000 60,000 $143,000 $449,000 247,000 49,000 $153,000 Analysis reveals the following percentages of variable costs in each division I II TV Cost of goods sold Selling and administrative expenses 72 % 40 88 % 60 III 80% 51 76% 61 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 (I and II). Consensus is that one or both of the divisions should be discontinued. Your answer is incorrect. Try again. Compute the contribution margin for Divisions I and II. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or CALCULATOR FULL SCREEN PRINTER VERSION Top management is very concerned about the unprontapie divisions (1 and 11). Consensus is that one or both of the divisions should be discontinuea. BACK NEXT x Your answer is incorrect. Try again. Compute the contribution margin for Divisions I and II. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Division 1 Division II Contribution margin 250000 199000 SHOW SOLUTION LINK TO TEXT Your answer is partially correct. Try again. Prepare an incremental analysis concerning the possible discontinuance of Division I. (Round answers to o decimal places, e.g. 1525. If amount decreases net income then enter the amount using either a negative sign preceding the number e.g.-45 or parentheses e.. (45).) Continue Eliminate Net Income Increase (Decrease) Contribution margin su 73280 J (73280) Fixed costs Cost of goods sold 146880 Selling and administrative 29840 Total fixed expenses 101880 Income (loss) from operations (28600) LINK TO TEXT PRINTER VERSION BACK NEXT Your answer is partially correct. Try again. Prepare an incremental analysis concerning the possible discontinuance of Division II. (Round answers to o decimal places, e.g. 1525. If amount decreases net income then enter the amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Continue Net Income Increase (Decrease) Eliminate Contribution margin (6880) 6880 Fixed costs Cost of goods sold Selling and administrative Total fixed expenses Income (loss) from operations LINK TO TEXT CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Prepare a columnar condensed income statement for Martinez Company, assuming Division II is eliminated. Division II's unavoidable fixed costs are allocated equally to the continuing divisions. ( amount decreases net income then enter the amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) MARTINEZ COMPANY CVP Income Statement For the Quarter Ended March 31, 2017 Divisions Total Sales T 250000 498000 449000 1197000 Variable costs Cost of goods sold T 176720 266600 215140 T 658460 Selling and administrative 73280 Total variable costs 109900 Contribution margin (36620) Fixed costs Cost of goods sold CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Selling and administrative 73280 Total variable costs 109900 Contribution margin Fixed costs Cost of goods sold PE DDDD DDD Selling and administrative Total fixed costs Income (loss) from operations SHOW SOLUTION LINK TO TEXT