33) The management accountant for Giada's Book Store has prepared the following income statement for the...

 

Transcribed Image Text:

33) The management accountant for Giada's Book Store has prepared the following income statement for the most current year. Sales Cost of goods sold Contribution margin Cookbook $65,000 37,000 28,000 21,000 5,000 10,000 $(8,000) Order and delivery processing Rent (per sq. foot used) Allocated corporate costs Corporate profit Travel Book Classics $164,000 $55,000 67,000 20,000 97,000 25,000 4,000 10,000 $58,000 Total $284,000 124,000 160,000 35,000 11,000 4,000 10,000 30,000 $10,000 $60,000 57,000 13,000 If the travel book line had been discontinued, corporate profits for the current year would have decreased by. A) $58,000 B) $72,000 C) $97,000 D) $68,000 33) 33) The management accountant for Giada's Book Store has prepared the following income statement for the most current year. Sales Cost of goods sold Contribution margin Cookbook $65,000 37,000 28,000 21,000 5,000 10,000 $(8,000) Order and delivery processing Rent (per sq. foot used) Allocated corporate costs Corporate profit Travel Book Classics $164,000 $55,000 67,000 20,000 97,000 25,000 4,000 10,000 $58,000 Total $284,000 124,000 160,000 35,000 11,000 4,000 10,000 30,000 $10,000 $60,000 57,000 13,000 If the travel book line had been discontinued, corporate profits for the current year would have decreased by. A) $58,000 B) $72,000 C) $97,000 D) $68,000 33)

Answer rating: 100% (QA)

C 97000 Sales Cook Book 65000 Travel Book 164000 97000 67000 Classics 55000 Total 65000 67000 ... View the full answer