Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

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

image text in transcribed
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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions