Question 11 of 11

Question 11 of 11 View Policies Current Attempt in Progress Oriole 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: Sales Variable expenses Contribution margin Advertising expense Depreciation expense Corporate expenses Total fixed expenses Operating income $2,295,000 1,696,000 $599,000 $517,000 17,400 93,500 $627,900 $1,406,000 601,500 $804,500 $427,000 10,400 81,900 $519,300 $285,200 c $1,812,000 1,089,300 $722,700 $521,000 22,000 106,700 $649,700 $73,000 Total $5,513,000 3,386,800 $2,126,200 $1,465,000 49,800 282,100 $1,796,900 $329,300 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. eTextbook and Media Save for Later Attempts: O of 3 used Submit Answer