Question: Corn Crunchers has three product lines. Its only unprofitable line is Corn Nuts, the results of which appear below for 2019: Sales $1,400,000 Variable expenses

Corn Crunchers has three product lines. Its only unprofitable line is Corn Nuts, the results of which appear below for 2019: Sales $1,400,000 Variable expenses 920,000 Contribution Margin 480,000 Fixed expenses 600,000 Net income (loss) $ (120,000) If this product line is eliminated, 30% of the fixed expenses can be eliminated. What is the incremental effect on net income if the division is dropped?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

The Case of Robert Guion LOCAL BUSINESS MAN MURDERED Robert Guion, a prominent local business man, was found dead behind his Crestview home this morning. Detective Lt . Mark Moody of the Hilltown...

EKP purchased a raw material in bulk for $10,000. It then spent an additional $500 to package the product into smaller quantities which it can sell for $12,000. Recently, a situation has arisen in...

Corn Crunchers has three product lines. Its only unprofitable line is Corn Nuts, the results of which appear below for 2013: Sales $ 1,400,000 Variable expenses $920,000 Fixed expenses $600,000 Net...

Corn Crunchers has three product lines. Its only unprofitable line is Corn Nuts, the results of which appear below for 2020: Sales $350.000 Variable expenses 230,000 Fixed expenses 180,000 Net loss...

MCQ? 1- Abel Company produces three versions of baseball bats: wood, aluminum, and hard rubber. A condensed segmented income statement for a recent period follows: Wood Aluminum Hard Rubber Total...

Corn Crunchers has three product lines. Its only unprofitable line is Corn Nuts, the results of which appear below for 2019: Sales $1,400,000 920,000 Variable expenses Contribution Margin Fixed...

Save Question 10 (4 points) E Corn Crunchers has three product lines. Its only unprofitable line is Corn Nuts, the results of which appear below for 2013: Sales Variable expenses Fixed expenses Net...

Corn Crunchers has three product lines. Its only unprofitable line is Corn Nuts, (I understand why - corn nuts are awful!!!! ) the results of which appear below for 2021: Sales (Variable Costs)...

can you please help with question 3. Final Timed assi( X Connect X S SOAP2DAY X songs to get los X Tate McRae - all X Sell your items X E essay4less.com X + X -> C A...

ANSWER ALL, THANK YOU The Gourmand Cooking School runs short cooking courses at its small campus. Management has identied two cost drivers it uses in its budgeting and performance reportsthe number...

Hey tutors I need assist on this questions 13. Coed Novelties manufactures key chains for college bookstores. During 2003, the company had the following costs: Direct materials used $ 31, 000 Direct...

What are the three inventories needed in a manufacturing business?

Derive Eq. 36-28, the expression for the half-width of lines in a grating's diffraction pattern.

Taxes are collected on a payminusasminusyouminusgo basis. Question content area bottom Part 1 True False

Write three modifications on CSMA/CD make it produce better throughput than ALOHA. In brief explain each point.

Let A and Ba random variables wit the following information: E[A]=5, E[A?J=41 E[B]=6, E[B?]= 45, the correlation coefficient p = 2/3 the covariance equals to : Select one: O a. 9 O b. 96 O c. 8 O d....

Two random variables X and Y have a joint probability density function given by fXY(x, y) = Kxy, 0

The joint nth order central moment of X and Y random variables are a. The central mean of X if n = k = 1. O b. Zero if n = k = 0 O c. The mean of X if n = k = 1 O d. The variance of X if n = 2, and k...

Given W = (ax + Y)? where X and Y are zero-mean random variables with variance ox =2, and variance oy = 16, respectively. Moreover, their correlation coefficient is r= - 0.2. 1. Find the expected...

The Secretary of State for the Colonies, Lord Normanby, issued instructions to Captain Hobson with respect to obtaining British sovereignty over New Zealand that: Select one: O a. British sovereignty...

=+4. Become an online shopper Okay, you're at the website. Now what? Would a special offer prompt you to take action? Would being able to

=+customize the product excite you? If you're working on a product website that could allow customization for, say, shoes or belts, can you help make that happen?

=+ Focus on radio commercials. Do the scripts sound contrived or convoluted? If so, why? What make them sound unnatural?