I need help on all parts of 10-1. the assignment begins on the bottom picture and ignore the numbers in the differential analysis, the top numbers in revenue were correct though.
CengageNOWv2 | Onlir X *Homework Help - Q&A froi H 3 Ways to Take a Screenshc V https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?inprogress=true * ABP . . . n Project 2 Calculator Print Item .09-01.BLANKSHEET.AL... Mastery Problem: Differential Analysis and Product Pricing -10-01.BLANKSHEET.AL... WoolCorp Continue/Discontinue Final Questions .04-01.BLANKSHEET.AL... WoolCorp X WoolCorp buys sheep's wool from farmers. The company began operations in January of this year, and is making decisions on product offerings, pricing, and vendors. The company is also examining its method of assigning overhead to products. You've just been hired as a production manager at WoolCorp. Currently WoolCorp makes three products: (1) raw, clean wool to be used as stuffing or insulation; (2) wool yarn for use in the textile industry, and (3) extra-thick yarn for use in rugs Upper management would like your recommendations regarding a production decision regarding their current and proposed product lines. Check My Work 5 more Check My Work uses remaining Previous O Type here to search e 4:05 PM 11/14/2018CengageNOWv2 | Onlir X *Homework Help - Q&A froi H 3 Ways to Take a Screenshc V https://v2.cengagenow.com/ilmn/takeAssignment/takeAssignmentMain.do?inprogress=true * ABP . . . n Project 2 Calculator Print Item Continue/Discontinue .09-01.BLANKSHEET.AL... For the past year, WoolCorp has experimented with its third product, extra-thick rug yarn. The company wishes to consider whether to continue or discontinue manufacturing and selling this product. You -10-01.BLANKSHEET.AL... decide to prepare a differential analysis of the income related to all three products. To begin your analysis, you review the following condensed income statement. Then scroll down to complete the .04-01.BLANKSHEET.AL... differential analysis. WoolCorp Condensed Income Statement For the Year Ended December 31, 20Y8 1 Raw Wool Wool Yam Rug Yarn Total Company Sales $200,000.00 $155,000.00 $167,000.00 $522,000.00 Cost of goods sold: Variable costs $48,000.00 $18,600.00 $37,160.00 $103,760.00 Fixed costs 32,000.00 12,400.00 24,780.00 69,180.00 Total cost of goods sold $80,000.00 $31,000.00 $61,940.00 $172,940.00 Gross profit $120,000.00 $124,000.00 $105,060.00 $349,060.00 Operating expenses: Variable expenses $5,000.00 $7,750.00 $53,130.00 $65,880.00 10 Fixed expenses 89,000.00 77,500.00 106,200.00 272,700.00 Check My Work 5 more Check My Work uses remaining Previous O Type here to search Et e 4:05 PM 11/14/2018CengageNOWv2 | Onlir X *Homework Help - Q&A froi H 3 Ways to Take a Screenshc V https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?inprogress=true * ABP . . . n Project 2 Calculator Print Item ulliCI ci luall allday 313. .09-01.BLANKSHEET.AL... -10-01.BLANKSHEET.AL... WoolCorp .04-01.BLANKSHEET.AL... Condensed Income Statement For the Year Ended December 31, 20Y8 Raw Wool Wool Yarn Rug Yarn Total Company Sales $200,000.00 $155,000.00 $167,000.00 $522,000.00 Cost of goods sold: Variable costs $48,000.00 $18,600.00 $37, 160.00 $103,760.00 5 Fixed costs 32,000.00 12,400.00 24,780.00 69,180.00 Total cost of goods sold $80,000.00 $31,000.00 $61,940.00 $172,940.00 Gross profit $120,000.00 $124,000.00 $105,060.00 $349,060.00 Operating expenses: Variable expenses $5,000.00 $7,750.00 $53,130.00 $65,880.00 10 Fixed expenses 89,000.00 77,500.00 106,200.00 272,700.00 11 Total operating expenses $94,000.00 $85,250.00 $159,330.00 $338,580.00 Income (loss) from operations $26,000.00 $38,750.00 $(54,270.00) $10,480.00 Check My Work 5 more Check My Work uses remaining Previous O Type here to search e 4:05 PM 11/14/2018CengageNOWv2 | Onlir X *Homework Help - Q&A froi H 3 Ways to Take a Screenshc V https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?inprogress=true * ABP . . . n Project 2 Calculator Print Item .09-01.BLANKSHEET.AL... -10-01.BLANKSHEET.AL... Complete the following table using the data in the preceding income statement to compare the effects of dropping the rug yarn line of products. For those boxes in which you must enter subtracted or negative numbers use a minus sign. If an amount is zero, enter "O". .04-01.BLANKSHEET.AL... Differential Analysis Continue Rug Yarn (Alternative 1) or Discontinue Rug Yarn (Alternative 2) December 31, 20Y8 Continue Rug Yarn Discontinue Differential (Alternative 1) Rug Yarn Effect on Income (Alternative 2) (Alternative 2) Revenues $167,000.00 $0.00 $(167,000.00) Costs: Variable $37,160.00 $0.00 Fixed 24,780.00 Income (loss) $105,060.00 Final Questions 5 more Check My Work uses remaining Previous O Type here to search Et e 4:05 PM 11/14/2018
