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Members of the board of directors of Security Team Company accountants estimate that discontinuing the have received the following operating income data for industrial systems line will decrease fixed cost of the year just ended: goods sold by $82,000 and decrease fixed marketing Cick the icon to view the operating income data.) and administrative expenses by $16,000. Members of the board are surprised that the industrial Read the requirements systems product line is losing money. They commission a study to determine whether the company should discontinue the line Requirement 1. Prepare an incremental analysis to show whether Security Team should discontinue the industrial systems product line. Incremental Analysis for Discontinuation Decision Total Contribution margin lost if Industrial Systems is discontinued Less: Fixed cost savings i Industrial Systems is discontinued Operating income if Industrial Systems is discontinued Requirement 2. Prepare contribution margin income statements to show Security Team's total operating Income under the two alternatives: (a) with the industrial systems line and (b) without the line. Compare the difference between the two alternatives' income numbers to your answer to Requirement 1. What have you learned from this comparison? Begin by preparing the statements with and without the industrial systems fine, then prepare the contribution margin income statement showing the decrease if the industrial systems line is discontinued. (Use parentheses or a minus sign for an operating loss.) Security Team Total Analysis of Discontinuing a Product Line Totals With Industrial Systems Totals Without Industrial Systems Sales revenue Variable expenses Cost of goods sold Marketing and administrative expense Total variable expenses Contribution margin Fixed expenses Cost of goods sold Marketing and administrative expense Total foxed expenses Operating income (loss) Difference Members of the board of directors of Security Team Company accountants estimate that discontinuing the have received the following operating income data for industrial systems line will decrease fixed cost of the year just ended: goods sold by $82,000 and decrease fixed marketing Click the icon to view the operating income data.) and administrative expenses by $16,000 Members of the board are surprised that the industrial Read the requirements systems product line is losing money. They commission a study to determine whether the company should discontinue the line. What have you learned from this comparison? The operating income difference calculated on the total analysis of discontinuing a product line the expected decrease in operating income if Security Team discontinues the industrial systems product line, as shown in Requirement 1. This demonstrates that the incremental analysis approach in Requirement 1 yields results as the longer approach in Requirement that compares total operating income under the two alternatives. i Requirements 1. Prepare an incremental analysis to show whether Security Team should discontinue the industrial systems product line. 2. Prepare contribution margin income statements to show Security Team's total operating income under the two alternatives: (a) with the industrial systems line and (b) without the line. Compare the difference between the two alternatives' income numbers to your answer to Requirement 1. What have you learned from this comparison? Data Table A B D 1 2 3 Security Team Product Line Contribution Margin Income Statement For the Year 4 Product lines Industrial Household Company N Systems Systems Total $ 350,000 $ 390,000 $ 740,000 6 7 Sales revenue 8 Less cost of goods sold: 9 Variable 36,000 39,000 75,000 10 Fixed 270,000 65,000 335,000 11 Gross profit $ 44,000 $ 286,000 $ 330,000 12 Less marketing and administrative expenses: 13 Variable 69,000 143,000 74,000 29,000 14 Fixed 38,000 67,000 15 Operating income (loss) $ (63,000) $ 183,000 $ 120,000