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 seniors-home nursing Meals on Wheels, and housekeeping Data on revenue and expenses for the past year follow Total $920,000 465,000 455,000 Home Nursing $ 264,000 118.000 146,000 Meals on liheels $ 403,000 195.000 209,000 House keeping 253,000 152.000 101,000 Revenues Variable expenses Contribution margin Fixed expenses: Depreciation Liability insurance Program administrators salaries General administrative overhead Total fixed expenses Net operating income (Loss) 69,300 42,700 116,400 184.000 412.400 $ 42,600 3,600 20,100 40,600 52,800 122,100 5.23.900 40, 500 7,300 39,000 80.600 167,400 $ 40,600 20,200 15,300 36,800 50,600 122,900 (21,900) "Allocated on the basis of program revenues. The head administrator of Jackson County Senior Services, Judith Miyama, considers tast year's net operating income of $42,600 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 the housekeeping program were dropped, but the liability insurance and the salary of the program administrator would be avoided Required: 1- What is the financial advantage (disadvantage of discontinuing the Housekeeping program? 16 Based on the financial advantage (disadvantage) of discontinuing the Housekeeping program calculated in requirement Reg 1A, should the Housekeeping program be discontinued? 2 a Prepare a properly formatted segmented income statement 25 Would a segmented income statement format be more useful to management in assessing the long-run financial viability of the various services? Complete this question by entering your answers in the tabs below Raq 1A Reg 18 Reg 2 Reg 28 What is the financial advantage (disadvantage) of discontinuing the Housekeeping program County Senior Services, Judith Miyama, considers last year's net operating income of 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 program were discontinued, the van would be donated to a charitable organization. None of the general administrative ove would be avoided if the housekeeping program were dropped, but the liability insurance and the salary of the program adm would be avoided Required: 1-a. What is the financial advantage (disadvantage) of discontinuing the Housekeeping program? 1.b. Based on the financial advantage (disadvantage) of discontinuing the Housekeeping program calculated in requirement should the Housekeeping program be discontinued? 2-a. Prepare a properly formatted segmented income statement 2-6. Would a segmented income statement format be more useful to management in assessing the long-run financial viability various services? Complete this question by entering your answers in the tabs below. Req 1A Reg 18 Reg 2A Reg 28 What is the finanWadvantage (disadvantage) of discontinuing the Housekeeping program? he Req 18 > ng your answers in the tabs below. Req 1A Reg 1B Req 2A Reg 28 Prepare a properly formatted segmented income statement. Total Home Nursing Meals On Wheels House keeping 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)