Coronado Industries produces three versions of baseball bats: wood, aluminum, and hard rubber. A condensed segmented...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Coronado Industries 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 Sales $600000 $290000 $65000 $955000 Variable 370000 230000 58000 658000 expenses Contribution margin 230000 60000 7000 297000 Fixed expenses 75000 35000 22000 132000 Net income (loss) $155000 $25000 $(15000) $165000 Assume none of the fixed expenses for the hard rubber line are avoidable. What will be total net income if the line is dropped? O $180000 O $158000 O $230000 O $60000 Coronado Industries 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 Sales $600000 $290000 $65000 $955000 Variable 370000 230000 58000 658000 expenses Contribution margin 230000 60000 7000 297000 Fixed expenses 75000 35000 22000 132000 Net income (loss) $155000 $25000 $(15000) $165000 Assume none of the fixed expenses for the hard rubber line are avoidable. What will be total net income if the line is dropped? O $180000 O $158000 O $230000 O $60000
Expert Answer:
Answer rating: 100% (QA)
calculeetion af net income it hard 8ubber line is dropped Net in... View the full answer
Related Book For
Managerial Accounting Creating Value in a Dynamic Business Environment
ISBN: 978-0078110917
9th edition
Authors: Ronald W. Hilton
Posted Date:
Students also viewed these accounting questions
-
Shown below is a segmented income statement for Hickory Companys three wooden flooring product lines: Hickorys parquet flooring product line has a contribution margin of $50,000 (sales of $300,000...
-
Shown below is a segmented income statement for Hickory Company's three wooden flooring product lines: Strip Plank Parquet Total Sales revenue $400,000 $200,000 $300,000 $900,000 Less: Variable...
-
Shown below is a segmented income statement for Drexel-Hall during the current month: All stores are similar in size, carry similar products, and operate in similar neighborhoods. Store 1 was...
-
Determine the vector A-C, given the vectors A and C in the figure. (Figure 1) Figure B (B=26.5) 56.0% (A = 44.0) 28.0 C(C= 31.0) 1 of 1 Determine the magnitude of the vector A - . Express your...
-
Harwell Company manufactures automobile tires. On July 15, 2013, the company sold 1,000 tires to the Nixon Car Company for $50 each. The terms of the sale were 2/10, n/30. Harwell uses the gross...
-
The temperature of a gas is related to its absolute pressure and specific volume through T = 3.488pv, where T, p and v are expressed in their standard SI units. Consider a gas at 350 K and 1 m3/kg....
-
Listed below are selected financial data for three corporations: Honeywell International, Inc. (environmental controls), The Dow Chemical Company (chemicals and plastic products), and Abbott...
-
At December 31, 2015, Ingleton Company reports the following results for the year: Cash sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,025,000 Credit sales . . . . . . . . . . ....
-
Problem 21-4B Computing materials, labor, and overhead variances P3 P4 Kryll Company set the following standard costs per unit for its single product. Direct materials (25 lbs. @ $4 per lb.)......
-
Consider the following January transactions: 1. On January 1, 20X1, three persons, James, Bosh, and Wade, formed JBW Corporation. JBW is a wholesale distributor of electronic equipment. The company...
-
Consider the the following if answer does not exist enter DNE f(x)=xsqrt(15-x) Find the intervals of increase. Enter using interval notation. Find the local maximum values enter your answers as,...
-
What does it mean when building a linear regression model when you add a control variable and the coefficient for the independent variable of interest which was significant in the bivariate analysis...
-
Miguel Inc. manufactures a product that has a selling price of $31.50 and costs a total of $24.48 per unit to produce. A competitor is introducing a comparable product that will sell $29.00 per unit....
-
Create a C program to find all prime numbers up to a given integer using the Sieve of Eratosthenes algorithm.
-
Find the absolute extrema and where they occur for the given function. f ( x , and ) = 6 x ^ 2 + 6 and ^ 2 - 6 x + 1 5 on the domain x ? + 3 < 2 5 .
-
Desired superannuation withdrawal amount is $20,000. Desired annual income for ages 65 to 85, inclusive is $60,000. This annual amount is paid on each birthday, starting at age 65, and ending at 85....
-
6. Company A has a preference for borrowing at a fixed rate, while company B wants to borrow floating. They face the following rates if they go directly to the market to borrow: Fixed Company A 11%...
-
Making use of the tables of atomic masses, find the velocity with which the products of the reaction B10 (n, ) Li7 come apart; the reaction proceeds via interaction of very slow neutrons with...
-
Explain how a budget facilitates communication and coordination.
-
Give an example of a noncash expense. What impact does such an expense have in a capital-budgeting analysis? Explain how to compute the after-tax impact of a noncash expense.
-
Metropolitan Dental Associates is a large dental practice in Chicago. The firm's controller is preparing the budget for the next year. The controller projects a total of 48,000 office visits, to be...
-
Simon Eurat, who runs a taxi business, has the following trial balance. You have the following additional information. 1. 10% of the trade receivables are considered irrecoverable. 2. 800 of the...
-
Rebecca Odin has the following details of her property, plant and equipment. She charges depreciation at 2% per annum on cost for buildings, 10% per annum on cost for machinery, 25% per annum on cost...
-
Deborah Urer owns a small bar. Her trial balance as at 30 June 2012 is set out below. You also have the following additional information. 1. Closing inventory is 6,250. 2. There is 200 owing for...
Study smarter with the SolutionInn App