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RINGDECK Company Product-Line Income Statement For the Month Ended October 31 Hats Gloves Mufflers Sales $64,500 $89,000 $26,200 Cost of goods sold (25,800) (32,100) (14,300) Gross profit $38,700 $56,900 $11.900 Selling and administrative expenses (29,000) (34,400) (15,200) Operating income (loss) $9,700 $22,500 $(3,300) Fixed costs are 15% of the cost of goods sold and 39% of the selling and administrative expenses. Rhinebeck Company assumes that fixed costs would not be materially affected if the Gloves line were discontinued. a. Prepare a differential analysis dated October 31 to determine if Mufflers should be continued (Alternative 1) or discontinued (Alternative 2). If an amount is zero, enter "0". If required, use a minus sign to indicate a loss. Differential Analysis Continue (Alt. 1) or Discontinue (Alt. 2) Mufflers October 31 Continue Discontinue Differential Mufflers Effects (Alternative 1) (Alternative 2) (Alternative 2) Mufflers Revenues Costs: Variable cost of goods sold Variable selling and admin. expenses 3:46 PM 6/12/20 8 9 Y O U P. H K that fixed costs would not be materially affected if the Gloves line were discontinued. a. Prepare a differential analysis dated October 31 to determine if Mufflers should be continued (Alternative 1) or discontinued (Alternative 2). If an amount is zero, enter "o". It required, use a minus sign to indicate a loss. Differential Analysis Continue (Alt. 1) or Discontinue (Alt. 2) Mufflers October 31 Continue Discontinue Differential Mufflers Mufflers Effects (Alternative 1) (Alternative 2) (Alternative 2) Revenues Costs: Variable cost of goods sold Variable selling and admin. expenses Fixed costs Profit (Loss) b. Should the Mufflers line be retained? 3:46 PM 1.200 O RI 6 8 9 P 4 H . 3 N . Ctrl