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ercise 11-2 (Algo) Dropping or Retaining a Segment (L011-2] e Regal Cycle Company manufactures three types of bicycles-a dirt bike, a mountain bike, and a racing bike. ta on sales and expenses for the past quarter follow. ok Total $ 921,000 472,000 449,000 Dirt Bikes $ 265,000 120,000 145,000 Mountain Bikes $ 403,000 195,000 208,000 Racing Bikes $ 253,000 157,000 96,000 ht sales Variable manufacturing and selling expenses Contribution margin Fixed expenses: Advertising, traceable Depreciation of special equipment Salaries of product-line managers Allocated common fixed expenses Total fixed expenses Jet operating income (loss) 69,800 43,600 115,700 184,200 413,300 $ 35,700 8,800 20,900 40,500 53,000 123,200 $ 21,800 40,400 7,600 38,900 80,600 167,500 $ 40,500 int 20,600 15,100 36,300 50,600 122,600 $ (26,608) ences located on the basis of sales dollars. nagement is concerned about the continued losses shown by the racing bikes and wants a recommendation as whether or not the line should be discontinued. The special equipment used to produce racing bikes has no sale value and does not wear out. quired: What is the financial advantage (disadvantage) per quarter of discontinuing the Racing Bikes? Should the production and sale of racing bikes be discontinued? Prepare a properly formatted segmented income statement that would be more useful to management in sessing the long-run profitability of the various product lines. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the financial advantage (disadvantage) per quarter of discontinuing the Racing Bikes? Required 2 > Financial (disadvantage) per quarter Financial advantage per quarter Clures three types of bicycles-a dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the past quarter follow. Mountain Total Dirt Bikes Bikes Sales Racing Bikes $ 921,000 $ 265,000 $ 403,000 Variable manufacturing and selling expenses $ 253,000 472,000 120,000 195,000 157, see Contribution margin 449,000 145,000 208,000 96,000 Fixed expenses: Advertising, traceable 69,800 8,800 40,400 20,600 Depreciation of special equipment 43,600 20,900 7.600 15,100 Salaries of product-Line managers 115,700 40,500 38,900 36,380 Allocated connon fixed expenses 184,200 53,000 80,500 50,600 Total fixed expenses 413,300 123,200 167,500 122.600 Net operating income (loss) $ 35,700 $ 21,00 $ 40,500 $ (26,600) "Allocated on the basis of sales dollars. Management is concerned about the continued losses shown by the racing bikes and wants a recommendation as to whether or not the line should be discontinued. The special equipment used to produce racing bikes has no resale value and does not wear out. Required: 1. What is the financial advantage (disadvantage) per quarter of discontinuing the Racing Bikes? 2. Should the production and sale of racing bikes be discontinued? 3. Prepare a property formatted segmented income statement that would be more useful to management in assessing the long-run profitability of the various product lines. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a properly formatted segmented income statement that would be more useful to management in assessing the for profitability of the various product lines. Totals Dirt Bikes Mountain Bike Racing Bikes 0 Contribution margin (loss) Traceable fixed expenses 0 0 0 0 0 Total traceable food expenses Product line segment margin (105) o 5 0$ 5 0 Net operating income (los) $ 0