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Wie and Absorption Coutinho Products Winslow Inc. manufactures and sells three types of shoes. The income statements prepared under the absorption costing method for the three shoes we as follows Winslow Inc. Product Income Statements-Absorption Costing For the Year Ended December 31, 2011 Cross Training Shoes Golf Shoes Running Shoes Heves $5,800,000 16,900,000 $4,200,000 Cast of goods sold 03.0160.000) 13.381,0001 12,814,000) Gross pront 52,784,000 $3,519,000 $1,365,000 Selling and strive 12,435.000) (2,484,000) (2.142,000) Operating income $348,000 51,035,000 $(756.000) In addition, you have determined the towing information with respect to located in costs Cross Goll Training Running Shoes Shoes Shoes Fred cost Cost of isso 1928,000 $97,000 1798.000 Selling and admitive 696,000 828,000 55,000 The cost red to supportare proces and will not change with the con of any product. In addition, you have termined that the effects of it may be gored The manager of the company has deemed the profit performance of the ring shot in scopul has decided to be the running Management do not expect to be able to sa in the other two lines. However ting the running shoegantersects the profits of the company to increase by $75,000 . At management and conditions Managemene The profit provide the cost anuladung and selling running the OMRON Previous Week 7 Homework Due October 14 .. Are management des concord? Hanepament de wolded the need The be improves caietan tand consumed in mansacturing and sering running som content for tree root. Internet to see Winslow Inc. Variable Coating Income Statements Three Product Lines For the Year Ended December 31, 2018 Cross Training Shoes Golf Shoes Running Shoes Fundo id Operation ce there the pract with the changes the showed the con in the product and the fed get the line and to the products cos De bed. Thus, the profit of the company would pe volne. Winslow Inc. Product Income Statements-Absorption Costing For the Year Ended December 31, 2041 Cross Training Shoes Golf Shoes Running Shoes Revenues $5,800,000 $6,900,000 $4,200,000 Cost of goods sold (3,016,000) (3,381,000) (2,814,000) Gross profit $2,784,000 $3,519,000 $1,386,000 Selling and administrative expenses (2,436,000) (2,484,000) (2,142,000) Operating Income $348,000 $1,035,000 $(756,000) In addition, you have determined the following information with respect to allocated fixed costs: Cross Golf Running Training Shoes Shoes Shoes Fixed costs Cost of goods sold $928,000 $897,000 $798,000 Selling and administrative expenses 696,000 328,000 588,000 These fixed costs are used to support all three product lines and will not change with the elimination of any one product. In addition, you have determined that the effects of inventory may be ignored. The management of the company has deemed the profit performance of the running shoe line as unacceptable. As a result, it has decided to eliminate the running shoe line. Management does not expect to be able to increase sales in the other two lines. However, as a result of eliminating the running shoe line, management expects the profits of the company to increase by 5756,000. a. Are management's decision and conclusions correct? Management's decision and condusion are The profit selling running shoes be avoided if the line is eliminated be improved because the foxed costs used in manufacturing and a. Are management's decision and condusions correct? Management's decision and condusion are The pronto seling running shoes be avoided if the line is eliminated. be improved because the fixed costs used in manufacturing and 1. Prepare a variable costing Income statement for the three products. Enter a nation as a negative number using a minus sign Winslow Inc. Variable Costing Income Statements-Three Product Lines For the Year Ended December 31, 2011 Cross Training Shoes Golf Shoes Running Shoes Fixed costs: Total fixed costs Operating income (loss) c. Use the report in (b) to determine the profit impact of eliminating the running shoe line, assuming no other changes If the running shoeline were eliminated, then the contribution margin of the product line would and the fixed costs be eliminated. Thus, the profit of the company would actually by si Management should keep the line and attempt to improve the profitability of the product by prices, volume, or costs Wie and Absorption Coutinho Products Winslow Inc. manufactures and sells three types of shoes. The income statements prepared under the absorption costing method for the three shoes we as follows Winslow Inc. Product Income Statements-Absorption Costing For the Year Ended December 31, 2011 Cross Training Shoes Golf Shoes Running Shoes Heves $5,800,000 16,900,000 $4,200,000 Cast of goods sold 03.0160.000) 13.381,0001 12,814,000) Gross pront 52,784,000 $3,519,000 $1,365,000 Selling and strive 12,435.000) (2,484,000) (2.142,000) Operating income $348,000 51,035,000 $(756.000) In addition, you have determined the towing information with respect to located in costs Cross Goll Training Running Shoes Shoes Shoes Fred cost Cost of isso 1928,000 $97,000 1798.000 Selling and admitive 696,000 828,000 55,000 The cost red to supportare proces and will not change with the con of any product. In addition, you have termined that the effects of it may be gored The manager of the company has deemed the profit performance of the ring shot in scopul has decided to be the running Management do not expect to be able to sa in the other two lines. However ting the running shoegantersects the profits of the company to increase by $75,000 . At management and conditions Managemene The profit provide the cost anuladung and selling running the OMRON Previous Week 7 Homework Due October 14 .. Are management des concord? Hanepament de wolded the need The be improves caietan tand consumed in mansacturing and sering running som content for tree root. Internet to see Winslow Inc. Variable Coating Income Statements Three Product Lines For the Year Ended December 31, 2018 Cross Training Shoes Golf Shoes Running Shoes Fundo id Operation ce there the pract with the changes the showed the con in the product and the fed get the line and to the products cos De bed. Thus, the profit of the company would pe volne. Winslow Inc. Product Income Statements-Absorption Costing For the Year Ended December 31, 2041 Cross Training Shoes Golf Shoes Running Shoes Revenues $5,800,000 $6,900,000 $4,200,000 Cost of goods sold (3,016,000) (3,381,000) (2,814,000) Gross profit $2,784,000 $3,519,000 $1,386,000 Selling and administrative expenses (2,436,000) (2,484,000) (2,142,000) Operating Income $348,000 $1,035,000 $(756,000) In addition, you have determined the following information with respect to allocated fixed costs: Cross Golf Running Training Shoes Shoes Shoes Fixed costs Cost of goods sold $928,000 $897,000 $798,000 Selling and administrative expenses 696,000 328,000 588,000 These fixed costs are used to support all three product lines and will not change with the elimination of any one product. In addition, you have determined that the effects of inventory may be ignored. The management of the company has deemed the profit performance of the running shoe line as unacceptable. As a result, it has decided to eliminate the running shoe line. Management does not expect to be able to increase sales in the other two lines. However, as a result of eliminating the running shoe line, management expects the profits of the company to increase by 5756,000. a. Are management's decision and conclusions correct? Management's decision and condusion are The profit selling running shoes be avoided if the line is eliminated be improved because the foxed costs used in manufacturing and a. Are management's decision and condusions correct? Management's decision and condusion are The pronto seling running shoes be avoided if the line is eliminated. be improved because the fixed costs used in manufacturing and 1. Prepare a variable costing Income statement for the three products. Enter a nation as a negative number using a minus sign Winslow Inc. Variable Costing Income Statements-Three Product Lines For the Year Ended December 31, 2011 Cross Training Shoes Golf Shoes Running Shoes Fixed costs: Total fixed costs Operating income (loss) c. Use the report in (b) to determine the profit impact of eliminating the running shoe line, assuming no other changes If the running shoeline were eliminated, then the contribution margin of the product line would and the fixed costs be eliminated. Thus, the profit of the company would actually by si Management should keep the line and attempt to improve the profitability of the product by prices, volume, or costs