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On the basis of the following data, the general manager of Featherweight Shoes Inc. decided to discontinue Children's Shoes because it reduced income from operations
On the basis of the following data, the general manager of Featherweight Shoes Inc. decided to discontinue Children's Shoes because it reduced income from operations by $17,000. Featherweight Shoes Inc. Product-Line Income Statement For the Year Ended April 30, 20Y8 Children's ShoesMen's Shoes Women's Shoes Total 2 Sales $235,000.00 $300,000.00 $500,000.00 $1,035,000.00 3 Costs of goods sold: $130,000.00 41,000.00 $171,000.00 $64,000.00 $150,000.00 60,000.00 $210,000.00 $90,000.00 $220,000.00 120,000.00 $340,000.00 $160,000.00 $500,000.00 221,000.00 $721,000.00 $314,000.00 Variable costs Fixed costs 6 Total cost of goods sold 7 Gross profit Selling and administrative expenses: 9 Variable selling and admin. expenses Fixed seling and admin. expenses 11Total selling and admin. expenses $46,000.00 35,000.00 $81,000.00 17,000.0 $45,000.00 20,000.00 $65,000.00 $95,000.00 25,000.00 $120,000.00 $186,000.00 80,000.00 $266,000.00 12 Income (loss)from
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