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I'm begging you, make sure you put your steps and the final answer is correct Oriole Manufacturing Company has four operating divisions. During the rst

I'm begging you, make sure you put your steps and the final answer is correct

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Oriole Manufacturing Company has four operating divisions. During the rst quarter of 2022. the company reported aggregate income from operations of $159,200 and the following divisional results: Sales $515,000 $409,200 $308,500 $175,400 Cost of goods sold 293,400 246,600 2?2,600 154,200 Selling and administrative expenses 65,000 75,500 64,600 72,000 Income [loss] from operations $151,600 $37,100 $[23,700) $60,800) The analysis reveals the following percentages of variable costs in each division: Cost of goods sold 63% 39% 76% 122% Selling and administrative expenses 42 51 65 70 Discontinuance of any division would save 50% of the xed costs and expenses for that division. Top management is very concerned about the unprotable divisions [I II and IV}. The consensus is that the company should discontinue one or both of these divisions (a) V Your answer is correct. Calculate the contribution margin for divisions III and IV. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Divisions III Divisions IV Contribution margin $ 59334 -16864 eTextbook and Media(b) Your answer is correct. Prepare an incremental analysis for the possible discontinuance of (1) division III and (2) division IV. (Round answers to O decimal places, e.g. 125. Enter all negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). While alternate approaches are possible, irrelevant fixed costs should be included in both options when solving this problem.) (1) Division III Income Increase Division III: Keep Div. III Shut Div. Ill (Decrease) Contribution margin $ 59334 $ 0 $ -59334 Fixed costs 88034 i 44017 i 44017 Totals -28700 $ -44017 -15317(2) Division IV Income Increase Division IV: Keep Div. IV Shut Div. IV (Decrease) Contribution -16864 0 16864 margin Fixed costs 33936 i 16968 i 16968 Totals -50800 $ -16968 $ 33832 What course of action do you recommend for each division? Division III should be continued Division IV should be eliminated(C) V Your answer is correct Prepare a condensed income statement in columns for Oriole Manufacturing, assuming division IV is eliminated. Use the CVP format Division N's unavoidable xed costs are allocated equally to the continuing divisions. {Enter lass usingeithera negative sign preceding the number eg. 45 or parentheses 8.3. [45]. While alternate approaches are possible, irrelevantxed costs should he Included in both options when soMng this problem" ORIOLEMANUFACTURING COMPANY CVP Income Statement For the Quarter Ended March 31, 2022 V Sales v $ 515000 $ 409200 $ 300500 Variable costs V 230212 II 257979 i 249166 i Contributionmargin V 284288 151221 59334 Fixed costs V 133344 II 69777 i 93690 i Net income rungs] v $ 145944 $ 31444 $ 34356 \f(d) Reconcile the total income from operations of $159,200 with the total income from operations without division IV. Income from ope rations with Division IV $ Incremental income from eliminating Division IV 55 Income from ope rations without Division IV $

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