Practice Chot 11 i Saved Help Save & Exit Submit Check my work 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: 3.33 Mountain points Total Dirt Bikes Bikes Racing Bikes Sales $ 926,000 $ 266, 000 $ 406,000 $ 254, 900 Skipped Variable manufacturing and selling expenses 476,090 119, 000 205,00 152, 000 Contribution margin 450,000 147, 000 201, 000 Fixed expenses: Advertising, traceable 70, 200 8 , 800 10 , 900 20, 500 eBook Depreciation of special equipment 43, 100 20, 200 7, 40 15 , 500 Salaries of product-line managers 000 'DIT 40 , 700 38, 200 35, 100 Hint Allocated common fixed expenses* 185 , 200 53 , 200 81, 200 50, 800 Total fixed expenses 412, 500 122, 900 167, 700 006' TZI Print Net operating income (loss) $ 37, 500 $ 24, 100 $ 33, 300 (006'61) $ References *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. Mc 1 of 3 Graw Hill 11:58 PM 84" Q Search L O ENG ( 0 5/6/2023 2 Partly sunnyYouTube Maps G News Translate Capstone Project: (... Practice Chot 11 i Saved Help Save & Exit Submit Check my work ule lille siloulu be uiscoiluilueu. Tire special equipment used to produce iaciily bikes lids 10 Iesdie value dilu uves IIUL wedI 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? 3.33 3. Prepare a properly formatted segmented income statement that would be more useful to management in assessing the long-run points profitability of the various product lines. Skipped Complete this question by entering your answers in the tabs below. eBook Hint Required 1 Required 2 Required 3 Print What is the financial advantage (disadvantage) per quarter of discontinuing the Racing Bikes? References Mc Graw Prev 1 of 3 Score answer > Hill 84 F Q Search # LOO VLMO W f Lo ENG 11:58 PM 5/6/2023 2 Partly sunnyTranslate Capstone Project: (... Practice Chot 11 i Saved Help Save & Exit Submit Check my work 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: 3.33 1. What is the financial advantage (disadvantage) per quarter of discontinuing the Racing Bikes? points 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 Skipped profitability of the various product lines. Complete this question by entering your answers in the tabs below. eBook Hint Print Required 1 Required 2 Required 3 References Should the production and sale of racing bikes be discontinued? OYes ONO Mc Graw Prev 1 of 3 Score answer > Hill 84 0 F Q Search J V L ENG ~ () 0 11:38PM 2 Partly sunnyGE News Translate Capstone Project: (.. Practice Chot 11 i Saved Help Save & Exit Submit Check my work 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 3.33 profitability of the various product lines. points Totals Dirt Bikes Mountain Bikes Racing Bikes Skipped Contribution margin (loss) eBook Traceable fixed expenses Hint + Print References Total traceable fixed expenses Product line segment margin (loss) Net operating income (loss) Hill 84OF Q Search L D J V ENG ( 0 11:58 PM Partly sunny 5/6/2023 3