Help Save & Exit Submit Check my work Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their own homes within the Jackson County area. Three services are provided for seniors-home nursing. Meals On Wheels, and housekeeping Data on revenue and expenses for the past year follow: Revenues Variable expenses Contribution margin Fixed expenses: Depreciation Liability insurance Program administrators' salaries General administrative overhead" Total fixed expenses Net operating income (loss) Total Home Nursing $ 929,000 477,000 452,000 $ 264,000 114,000 150,000 Meals On Wheels $ 408,000 House- keeping $ 257,000 209,000 199,000 154,000 103,000 70,700 8,800 40,900 21,000 42,400 20,100 7,100 15,200 115,608 40,200 38,500 36,900 185,800 52,800 81,600 51,400 414,500 121,900 168,100 124,500 $ 37,500 $ 28,100 $ 30,900 $ (21,500) "Allocated on the basis of program revenues. The head administrator of Jackson County Senior Services, Judith Miyama, considers last year's net operating income of $37,500 to be unsatisfactory; therefore, she is considering the possibility of discontinuing the housekeeping program. The depreciation in housekeeping is for a small van that is used to carry the housekeepers and their equipment from job to job If the Help Save & Exit Submis Check my work 2 3 oints Skipped eBook Allocated on the basis of program revenues. The head administrator of Jackson County Senior Services, Judith Miyama, considers last year's net operating income of $37.500 to be unsatisfactory; therefore, she is considering the possibility of discontinuing the housekeeping program. The depreciation in housekeeping is for a small van that is used to carry the housekeepers and their equipment from job to job. If the program were discontinued, the van would be donated to a charitable organization. None of the general administrative overhead would be avoided if the housekeeping program were dropped, but the liability insurance and the salary of the program administrator would be avoided. Required: 1-a. What is the financial advantage (disadvantage) of discontinuing the Housekeeping program? 1-b. Based on the financial advantage (disadvantage) of discontinuing the Housekeeping program calculated in requirement Req 1A, should the Housekeeping program be discontinued? 2-a. Prepare a properly formatted segmented income statement 2-b. Would a segmented income statement format be more useful to management in assessing the long-run financial viability of the various services? Complete this question by entering your answers in the tabs below. Mc Req 1A Req 18 Req 2A Req 28 Prev 3 of 8 Next > 12 points Skipped ww 2-a. Prepare a properly formatted segmented income statement. 2-b. Would a segmented income statement format be more useful to management in assessing the long-run financ various services? Complete this question by entering your answers in the tabs below. eBook Req 1A Req 1B Req 2A Req 2B What is the financial advantage (disadvantage) of discontinuing the Housekeeping program? Req 1A Req 1B > que Biters weg 1A, 2-b. Would a segmented income statement format be more useful to management in assessing the long-run financial viability of the egmented income statement. various services? Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 2A Req 2B Based on the financial advantage (disadvantage) of discontinuing the Housekeeping program calculated in requirement Req 1A, should the Housekeeping program be discontinued? Yes No < Req 1A Req 2A > irou 308 Next > Req 1A Req 18 Req 2A Req 28 Prepare a properly formatted segmented income statement. Revenues Ded Variable expenses ok Contribution margin Traceable fixed expenses: Depreciation Liability insurance Program administrators' salaries Total traceable fixed expenses Program segment margins General administrative overhead Net operating income (loss) Total Home Nursing Meals On Wheels House- keeping Check my work