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Help Exercise 11-2 Dropping or Retaining a Segment [LO11-2] The Regal Cycle Company manufactures three types of bicycles -a dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the past quarter follow: 4:39.46 Dirt Mountain Racing Total Bikes Bikes Bikes $921,000 $261, eee $ 408,eee $ 252, eee 458, eee 111, eee 196,eee 151,000 463, eee 150,eee 212,000 101, eee 40,700 20,200 Sales Variable manufacturing and selling expenses Contribution margin Fixed expenses: Advertising, traceable Depreciation of special equipment Salaries of product-line managers Allocated common fixed expenses Total fixed expenses Net operating income (loss) 69,700 43,380 8,800 20,800 15,480 ces 116, eee 40,900 38,500 36,600 184,200 52,200 413,200 122,700 $ 49,800 $ 27,300 $ 81,600 50,400 167,900 122,600 44,100 $(21,600) "Allocated on the basis of sales dollars. Management is concerned about the continued losses shown by the racing bikes and wants a recommendation as to whether or not the line should be discontinued. The special equipment used to produce racing bikes has no resale value and does not wear out. Required: 1. What is the financial advantage (disadvantage) per quarter of discontinuing the racing bikes? Chanel the endurtian andanfrarinn bila dicantin Prey 1 of 7 - Next > 10 Saved 10, DA, www expenses Total fixed expenses Net operating income (loss) 413, 2ee 122,700 $ 49,800 $ 27,300 $ 167,980 122,600 44,100 $(21,600) "Allocated on the basis of sales dollars. Management is concerned about the continued losses shown by the racing bikes and wants a recommendation as to whether or not the line should be discontinued. The special equipment used to produce racing bikes has no resale value and does not wear out Required: 1. What is the financial advantage (disadvantage) per quarter of discontinuing the racing bikes? 2. Should the production and sale of racing bikes be discontinued? 3. Prepare a properly formatted segmented income statement that would be more useful to management in assessing the long-run profitability of the various product lines. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the financial advantage (disadvantage) per quarter of discontinuing the racing bikes? Required 2 > Hups:/ewconnect.mheducation.com/flow/connect.html er 11 Soved expenses* Total fixed expenses Net operating income (loss) 413, 208 122,700 $ 49,800 $ 27,300 $ Da, 167,90 122,600 44,100 $(21,680) "Allocated on the basis of sales dollars. Management is concerned about the continued losses shown by the racing bikes and wants a recommendation as to whether or not the line should be discontinued. The special equipment used to produce racing bikes has no resale value and does not wear out Required: 1. What is the financial advantage (disadvantage) per quarter of discontinuing the racing bikes? 2. Should the production and sale of racing bikes be discontinued? 3. Prepare a properly formatted segmented income statement that would be more useful to management in assessing the long run profitability of the various product lines. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Should the production and sale of racing bikes be discontinued? Ores ONO Prev 1 of 7 !!! Next > ter 11 Help UUUU JU,400 expenses Total fixed expenses Net operating income (loss) 413,200 122, 709 $ 49,800 $ 27,300 $ 1 67,900 122,600 44,100 $(21,688) "Allocated on the basis of sales dollars. Management is concerned about the continued losses shown by the racing bikes and wants a recommendation as to whether or not the line should be discontinued. The special equipment used to produce racing bikes has no resale value and does not wear out. 38:54 Required: 1. What is the financial advantage (disadvantage) per quarter of discontinuing the racing bikes? 2. Should the production and sale of racing bikes be discontinued 3. Prepare a properly formatted segmented income statement that would be more useful to management in assessing the long-run profitability of the various product lines. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a properly formatted segmented income statement that would be more useful to management in assessing the long- run profitability of the various product lines. Totals Dirt Bikes Mountain Bikes Racing Bikes Contribution margin (loss) Traceable fixed expenses. Prev 1 of 7 Next >