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please help me correct the wrong answers. Brislin Company has four operating divisions. During the first quarter of 2020, the company reported aggregate income from
please help me correct the wrong answers. Brislin Company has four operating divisions. During the first quarter of 2020, the company reported aggregate income from operations of $204.400 and the following divisional results. Sales Cost of goods sold Selling and administrative expenses Income (los) from operations Division II IV $253,000 $195,000 $504,000 $446,000 199.000 192,000 300,000 248,000 75,600 60,000 64,000 55,000 $(21,600) $(57.000) $140,000 $143,000 Analysis reveals the following percentages of variable costs in each division 1 11 Cont of yoods sold Selling and administrative expenses 74 96 38 89 % 57 III 78 % 52 IV 73 % 60 Discontinuance of any division would save 50% of the foxed costs and expenses for that division Top management is very concerned about the unprofitable divisions and in care be discontinued. Fortable divisions I and II). Consensus is that one or both of the divisions should Your answer is correct. Compute the contribution margin for Divisions I and II. (Enter negative amounts using either a negative sign preceding the number es 45 or parentheses es (451) Division 11 Contribution margin -10080 Division 77012 eTextbook and Media Assistance Used Prepare an incremental analysis concerning the possible discontinuance of Division 1. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses es. (45) Continue Eliminate Net Income Increase (Decrease) -77012 $ 77012 $ 0 517401 25870 25870 Contribution margin Fixed costs Cost of goods sold Selling and administrative Total foed expenses Income (loss from operations 46872 23436 23436 98612 49306 49306 21600 -49306 -27706 e Textbook and Media Prepare an incremental analysis concerning the possible discontinuance of Division II. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses es (453) Continue Eliminate Net Income Increase (Decrease) 10080 $ -10080 0 $ 21120 00560 10560 Contribution margin Fixed costs Cost of goods sold Selling and administrative Total fixed expenses Income (loss) from operations 25800 12900 1 12900 46920 23460 23460 -57000 -23460 33540 e Textbook and Media Your answer is partially correct. Prepare a columnar condensed income statement for Bristin Company, assuming Division II is eliminated Division Ils unavoidable fixed costs are allocated equally to the continuing divisions. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses es (451) BRISLIN COMPANY CVP Income Statement For the Quarter Ended March 31, 2020 Divisions HIL IV Sales $ 253,000 $ 504.000 $ 446000 $ 147260 2340001 181000 Variable costs Cost of goods sold Selling and administrative Tota variable costs 2072 3320 33000 1790 26720 2140101 LTD 267280 214040 77012 2.36720 231960 83740 98000 98960 variable costs Contribution margin Fixed costs Cost of goods sold Selling and administrative Totalfixed costs Income (loss) from operations 56872 40720 32000 140612 238720 130960 63600 98000 101000 $
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