Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their own homes within the Jackson County area. Three services are provided for servors-home nursing. Meals on Wheels, and housekeeping Data on revenue and expenses for the past year follow He Helen Total Nursin Wheel keeping $ 900.000 ROUND 400.000 3 240.000 290.000 320.000 210.000 100,000 410.000 140.000 10.000 80.000 Neveda htbox Cotton in Fixed expenda Depitelation Liability and Programiratora les General adentratave overhead Total Fixed pendet Neparating one low) 60.000 8.000 40.000 20.000 42.000 20.000 7.000 15.000 115.000 40.000 38.000 37.000 IB0.000 52.000 00.00 66.000 400,000 120,000 185.000 120.000 16.000 120.000 25.000 (40.000) Allocated on the basis of program revenues The head administrator of Jackson County Senior Services, Judith Miyama, considers last year's net operating income of $5,000 to be Unsatisfactory, therefore, she is considering the possibility of discontinuing the housekeeping program The depreciation in housekeeping is for a small van that is used to carry the housekeepers and their equipment from job to job. If the program were discontinued, the van would be donated to a charitable organization None of the general administrative overhead would be avoided in the housekeeping program were dropped, but the ability insurance and the salary of the program administrator would be avoided Required: 14 What is the financial advantage (disadvantage) of discontinuing the Housekeeping program? 1. Based on the financial advantage (disadvantage) of discontinuing the Housekeeping program calculated in requirement Req 1A. should the Housekeeping program be discontinued? 2.4. Prepare a properly formatted segmented Income statement 2b. Would a segmented income statement format be more useful to management in assessing the long run financial viability of the various selvices? Complete this question by entering your answers in the tabs below. Reg IA Req 1B Reg 2A Reg 20 What is the financial advantage (disadvantage of discontinuing the Housekeeping program? Req 1A Reg 1B Reg 2A Reg 28 What is the financial advantage disadvantage) of discontinuing the Housekeeping program? Rogn Req 18 > Financial advantage Financial (disadvantage) Reg 1A Reg 1B Reg 2A Reg 28 Prepare a properly formatted segmented income statement. Total Home Nursing Meals On Wheels House keeping 0 Revenues Variable expenses Contribution margin Traceable fixed expenses Depreciation Liability Insurance Program administrators' salaries Total traceable fixed expenses Program segment margins General administrative overhead Net operating income (loss) 0 0 0$ 0 0 $ 0 $ 0 om Reg 1A Reg 1B Reg 2A Reg 28 Would a segmented income statement format be more useful to management in assessing the long-run financial viability of the various services? Yes No