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Please help me with this question. *Problem 8-29 (Part Level Submission) Wildhorse Toys' management is considering eliminating product A, which has been showing a loss
Please help me with this question.
*Problem 8-29 (Part Level Submission) Wildhorse Toys' management is considering eliminating product A, which has been showing a loss for several years. The company's annual income statement, is as follows: A C Total Sales $2,292,000 1,400,000 $1,818,500 $5,510,500 Variable expenses 600,200 1,658,000 1,091,900 3,350,100 $634,000 Contribution margin $799,800 $726,600 $,160,400 $530,000 Advertising expense $429,000 $520,000 $1,479,000 Depreciation expense 49,600 17,100 10,600 21,900 90,600 105,600 Corporate expenses 80,700 276,900 Total fixed expenses $520,300 547,500 $1,805,500 $637,700 Operating income S(3,700) $279,500 $79,100 $354,900 Advertising expense Specific to each product Depreciation expense Specific to each product; no other use available, no resale value. Corporate expenses Allocated based on number of employees. *(a) Restate the income statement in segment margin format A Total B C
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