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Oriole Company has four operating divisions. During the first quarter of 2022, the company reported aggregate income from operations of $ 208.400 and the following
Oriole Company has four operating divisions. During the first quarter of 2022, the company reported aggregate income from operations of $ 208.400 and the following divisional results. Division 1 11 III IV $ 245,000 $ 198,000 $ 501,000 $450,000 203,000 189,000 254,000 Sales Cost of goods sold Selling and administrative expenses Income (loss) from operations 297,000 62,000 74,600 46,000 60,000 $(51,000) $(32,600) $ 142,000 $ 150.000 Analysis reveals the following percentages of variable costs in each division III IV 66 % 88 % co 78 % 73 % Cost of goods sold Selling and administrative expenses 40 58 48 57 Discontinuance of any division would save 50% of the fixed costs and expenses for that division. Top management is very concerned about the unprofitable divisions (I and II). Consensus is that one or both of the divisions should be discontinued Compute the contribution margin for Divisions I and II. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.3. (45).) Division 1 Division 11 Contribution margin $
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