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please fill out table asap and explain in detail how you found fixed expenses! P8-50A (similar to) Question Help goods sold by Members of the
please fill out table asap and explain in detail how you found fixed expenses!
P8-50A (similar to) Question Help goods sold by Members of the board of directors of Security Team have received the following operating income data for the year just Company accountants estimate that discontinuing the industrial systems line will decrease fixed cost ended: S82,000 and decrease fixed marketing and administrative expenses by $15,000. (Click the icon to view the operating income data.) Members of the board are surprised that the industrial systems product line is losing money. They commission a study Data Table to determine whether the company should discontinue the line. Product Line Contribution Margin Income Statement Totals With Industrial Systems 620000 Totals Without Industrial Systems 3200001 Sales revenue Variable expenses: Cost of goods sold Marketing and administrative expense Total variable expenses For the Year Product lines Industrial Household Company Systems Systems Total S 300,000 $ 320,000 $ 620,000 82000 47000 77000 141000 223000 124000 Sales revenue Less cost of goods sold: Variable 397000 196000 Contribution margin Fixed expenses: Cost of goods sold 35,000 230,000 47,000 87,000 82,000 297,000 1960001 S 297000 64000 35,000 $ 206,000 $ 241,000 49000 Fixed Gross profit Less marketing and administrative expenses: Variable Marketing and administrative expense Total fixed expenses 361000 245000 64,000 41,000 77,000 24,000 141,000 65,000 36000 Operating income (oss) (49000) Fixed S (70,000) $ 105,000 $ 35,000 Operating Income (loss) Enter any number in the edit fields and then click Check Answer. Print Done parts remaining CleStep by Step Solution
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