Oriole Manufacturing Company has four operating divisions. During the first quarter of 2022, the company reported aggregate income from operations of $194,200 and the following divisional results: Division III IV Sales $507,900 $416,900 $315,000 $179,400 Cost of goods sold 281,100 241,000 272.400 151,200 Selling and administrative expenses 65.200 73,100 68,200 72,800 Income (loss) from operations $161,600 $102,800 $(25,600) $(44,600) The analysis reveals the following percentages of variable costs in each division: TI II IV Cost of goods sold 68% 92% 74% 92% Selling and administrative expenses 38 48 65 70 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 (III and IV). The consensus is that the company should discontinue one or both of these divisions. Calculate the contribution margin for divisions III and IV. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg.(451) Divisions III Divisions IV Contribution margin $ $ Prepare an incremental analysis for the possible discontinuance of (1) division III and (2) division IV. (Round answers to decimal places, eg. 125. Enter all negative amounts using either a negative sign preceding the number eg, -45 or parentheses eg. (45). While alternate approaches are possible, irrelevant fixed costs should be included in both options when solving this problem.) (1) Division 11 Income Increase (Decrease) Division III: Keep Div. III Shut Div. Ili Contribution margin $ Fixed costs Totals Prepare an incremental analysis for the possible discontinuance of (1) division III and (2) division IV. (Round answers to decimal places, eg. 125. Enter all negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45). While alternate approaches are possible, irrelevant fixed costs should be included in both options when solving this problem.) (1) Division III Income Increase (Decrease) Division III: Keep Div. Ili Shut Div. III Contribution margin $ $ $ Fixed costs Totals $ $ $ (2) Division IV Division IV: Income Increase (Decrease) Keep Div. IV Shut Div. IV Contribution margin $ $ Fixed costs !! (2) Division IV Income Increase (Decrease) Division IV: Keep Div. IV Shut Div. IV Contribution margin $ $ Fixed costs Totals $ $ $ What course of action do you recommend for each division? Division Ill should be v Division IV should be Prepare a condensed income statement in columns for Oriole Manufacturing, assuming division IV is eliminated. Use the CVP formation abdicaturadent.co.i.division Goteluri electricien Question 1 of 34 -/15 E Prepare a condensed income statement in columns for Oriole Manufacturing, assuming division IV is eliminated. Use the CVP format. Division IV's unavoidable fixed costs are allocated equally to the continuing divisions. (Enter loss using either a negative sign preceding the numbereg.-45 or parentheses eg. (45). While alternate approaches are possible, irrelevant forced costs should be included in both options when solving this problem.) ORIOLEMANUFACTURING COMPANY CVP Income Statement Div 1 Div II Diy III $ $ $ Recondile the train income from nations of $194 200. With the total incomodam.dnamtland.de IOT 54 - / 15 E Prepare a condensed income statement in columns for Oriole Manufacturing, assuming division IV is eliminated. Use the CVP format. Division IV's unavoidable fixed costs are allocated equally to the continuing divisions(Enter loss using either a negative sign preceding the number eg. -45 or parentheses eg. (45). While alternate approaches are possible, irrelevant fixed costs should be included in both options when solving this problem.) ORIOLEMANUFACTURING COMPANY CVP Income Statement Divi Divil Div III Total $ Berandite that income com.oneinst 194200 with that incontromeneration with Question 1 of 34 -/15 Reconcile the total income from operations of $194.200 with the total income from operations without division IV, Income from operations with Division IV $ Incremental income from eliminating Division IV $ Income from operations without Division IV $ Save for Later Attempts: 0 of 1 used Submit