{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-25T10:04:19-04:00", "answer_date": "2024-05-25 10:04:19", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1680508", "url": "\/study-help\/questions\/petoskey-company-produces-three-products-alanson-boyne-and-conway-a-1680508", "question_creation_date_js": "2024-05-25T10:04:19-04:00", "question_creation_date": "May 25, 2024 10:04 AM", "meta_title": "[Solved] Petoskey Company produces three products: | SolutionInn", "meta_description": "Answer of - Petoskey Company produces three products: Alanson, Boyne, and Conway. A segmented income statement, with amounts given | SolutionInn", "meta_keywords": "petoskey,company,produces,three,products,alanson,boyne,conway,segmented,income,statement,amounts", "question_title_h1": " Petoskey Company produces three products: Alanson, Boyne, and Conway. A segmented income statement, with amounts given in thousands, follows: Alanson Boyne Conway Total Sales", "question_title": " Petoskey Company produces three products: Alanson, Boyne, and Conway. A segmented", "question_title_for_js_snippet": "Petoskey Company produces three products Alanson, Boyne, and Conway A segmented income statement, with amounts given in thousands, follows Alanson Boyne Conway Total Sales revenue $1,280 $185 $285 $1,750 Less Variable expenses 1,115 45 214 1,374 Contribution margin $165 $140 $71 $376 Less direct fixed expenses Depreciation 50 15 14 79 Salaries 95 85 84 264 Segment margin $20 $40 $(27) $33 Direct fixed expenses consist of depreciation and plant supervisory salaries All depreciation on the equipment is dedicated to the product lines None of the equipment can be sold Assume that, each of the three products has a different supervisor whose position would be eliminated if the associated product were dropped Assume that 20 of the Alanson customers choose to buy from Petoskey because it offers a full range of products, including Conway If Conway were no longer available from Petoskey, these customers would go elsewhere to purchase Alanson Required Conceptual Connection Estimate the impact on profit that would result from dropping Conway Enter amount in full, rather than in thousands For example, 15000 rather than 15 Decrease Should Petoskey keep or drop Conway Keep", "question_description": "\"image", "transcribed_text": "Petoskey Company produces three products: Alanson, Boyne, and Conway. A segmented income statement, with amounts given in thousands, follows: Alanson Boyne Conway Total Sales revenue $1,280 $185 $285 $1,750 Less: Variable expenses 1,115 45 214 1,374 Contribution margin $165 $140 $71 $376 Less direct fixed expenses: Depreciation 50 15 14 79 Salaries 95 85 84 264 Segment margin $20 $40 $(27) $33 Direct fixed expenses consist of depreciation and plant supervisory salaries. All depreciation on the equipment is dedicated to the product lines. None of the equipment can be sold. Assume that, each of the three products has a different supervisor whose position would be eliminated if the associated product were dropped. Assume that 20% of the Alanson customers choose to buy from Petoskey because it offers a full range of products, including Conway. If Conway were no longer available from Petoskey, these customers would go elsewhere to purchase Alanson. Required: Conceptual Connection: Estimate the impact on profit that would result from dropping Conway. Enter amount in full, rather than in thousands. For example, \"15000\" rather than \"15\" Decrease Should Petoskey keep or drop Conway? Keep", "related_book": { "title": "College Accounting A Practical Approach", "isbn": "978-0132772068, 133468100, 013277206X, 9780133468106, 978-0133133233", "edition": "12th edition", "authors": "Jeffrey Slater", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/294.jpg", "uri": "\/textbooks\/college-accounting-a-practical-approach-12th-edition-294", "see_more_uri": "" }, "free_related_book": { "isbn": "1728675448", "uri": "\/textbooks\/income-taxes-101-money-saving-tax-tips-every-taxpayer-must-know-what-smart-income-earners-do-to-save-time-and-money-1st-edition-9781728675442", "name": "Income Taxes 101 Money Saving Tax Tips Every Taxpayer Must Know What Smart Income Earners Do To Save Time And Money", "edition": "1st Edition" }, "question_posted": "2024-05-25 10:04:19", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-21", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/partners-have-fiduciary-obligations-to-each-other-explain-what-this", "description": "Partners have fiduciary obligations to each other. 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