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McNulty, Inc., produces desks and chairs. A new CFO has just been hired and announces a new policy that if a product cannot earn a margin of at least 15 percent, it will be dropped. The margin is computed as product gross profit divided by reported product cost Manufacturing overhead for year 1 totaled $910,000. Overhead is allocated to products based on direct labor cost. Data for year 1 show the following Sales revenue Direct materials Direct labor Chairs $1,112,100 603, eee 170,eee Desks $2,570,400 990, see 480,000 Required: 0-1. Based on the CFO's new policy, calculate the profit margin for both chairs and desks. 6-2 Which of the two products should be dropped? b. Regardless of your answer in requirement (d), the CFO decides at the beginning of year 2 to drop the chair product. The company cost analyst estimates that overhead without the chair line will be $840.000. The revenue and costs for desks are expected to be the same as last year. What is the estimated margin for desks in year 2? Complete this question by entering your answers in the tabs below. Reg AS ROQ AZ Rece Based on the CFO's new policy, calculate the profit margin for both chairs and desks Profit Margin Reg A2 > McNulty, Inc., produces desks and chairs. A new CFO has just been hired and announces a new policy that if a product cannot earn a margin of at least 15 percent. It will be dropped. The margin is computed as product gross profit divided by reported product cost Manufacturing overhead for year 1 totaled $910,000. Overhead is allocated to products based on direct labor cost. Data for year 1 show the following Sales revenue Direct saterials Direct labor Chairs $1,112,100 603, 170, 800 Desks $2,570,400 990,00 480,000 Required: -1. Based on the CFO's new policy, calculate the profit margin for both chairs and desks. 2-2. Which of the two products should be dropped? b. Regardless of your answer in requirement (a), the CFO decides at the beginning of year 2 to drop the chair product. The company cost analyst estimates that overhead without the chairline will be $840,000. The revenue and costs for desks are expected to be the same as last year. What is the estimated margin for desks in year 2? Complete this question by entering your answers in the tabs below. Reg A1 Reg AZ RB Which of the two products should be dropped? ODeks RogA1 ReqB > McNulty, Inc., produces desks and chairs. A new CFO has just been hired and announces a new policy that if a product cannot earn a margin of at least 15 percent, it will be dropped. The margin is computed as product gross profit divided by reported product cost. Manufacturing overhead for year 1 totaled $910,000. Overhead is allocated to products based on direct labor cost. Data for year 1 show the following Sales revenue Direct materials Direct labor Chairs $1,112,1ee 603,eee 170, eee Desks $2,570, 4ee 990,eee 480, eee Required: -1. Based on the CFO's new policy, calculate the profit margin for both chairs and desks. 8-2. Which of the two products should be dropped? b. Regardless of your answer in requirement (a), the CFO decides at the beginning of year 2 to drop the chair product. The company cost analyst estimates that overhead without the chairline will be $840,000. The revenue and costs for desks are expected to be the same as last year. What is the estimated margin for desks in year 2 Complete this question by entering your answers in the tabs below. Reg A1 R eg AZ Roge Regardless of your answer in requirement (a), the CFO decides at the beginning of year 2 to drop the chair product. The company cost analyst estimates that overhead without the chair line will be $840,000. The revenue and costs for desks are expected to be the same as last year. What is the estimated margin for desks in year 2? Enter your answer as percentage rounded to I decimal place ( L 32.1 Show less Elle margin for desks - Year 2