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Question 11 Oriole Company produces three sizes of crock pots: small, medium, and large. A condensed segmented income statement for a recent period follows: Large
Question 11 Oriole Company produces three sizes of crock pots: small, medium, and large. A condensed segmented income statement for a recent period follows: Large Medium Small Total Sales $530000 $220000 $65000 $815000 Variable expenses 335000 160000 58000 553000 Contribution 195000 60000 7000 margin 262000 Fixed expenses 75000 35000 22000 132000 Net Income (loss) $120000 $ 25000 $(15000) $130000 Assume none of the fixed expenses for the small size crock pot are avoidable. What will be total net income if the line is dropped? $160000 O $123000 $145000 O $95000
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