$Thread View | LCS Learning Platfc X P Do Homework - ACC-260 Topic 5 X *Course Hero X C A mathxl.com/Student/PlayerHomework.aspx?homeworkld=611719741&questionld=1&flushed=false8cld=6727461&back=DoAssignments.aspx?view=homework # Apps G Gmail W Prodigy Game Freckle Student Das... W MindPlay Screener P Reading Eggs + Tests - Edmentum Seesaw Classes ) Prodigy Game X XtraMath - Student. ACC-260-0500 Cheyenne Mason & | 11/02/219:04 PM Homework: ACC-260 Topic 5 Assignment Question 5, P25-23A (si... HW Score: 47 26% 47 26 of 100 points Part 2 of 3 - X Data table Members of the board of directors of Safety Point have received the following operating income data for the year ended May 31, 2018: E:(Click the icon to view the operating income data.) Members of the board are surprised that the industrial systems product line is not profitable. They commission a study to determine whether the company should drop the $80,000 and decrease fixed selling and administrative expenses by $15.000. Safety Point Income Statement Read the requirements For the Year Ended May 31, 2018 10 Requirement 1. [Use parentheses or a minus sign for an operating loss.) Product Line Safety Point Industrial Household Systems Systems Total Contribution Margin Income Statement For the Year Ended May 31, 2018 Net Sales Revenue 300,000 S 310,000 $ 610,000 Totals With Totals Without Change if Industrial Cost of Goods Sold: Industrial Systems Industrial Systems Systems Is Dropped Variable 36,000 43,000 79,000 210,000 62,000 272,000 Net Sales Revenue Fixed Variable Costs: Total Cost of Goods Sold 246,000 105,000 351.000 Manufacturing Gross Profit 54,000 205,000 259,000 Selling and Administrative Selling and Administrative Expenses: Total Variable Costs Variable 63,000 74,000 137,000 Fixed 38,000 28,000 66,000 Contribution Margin Fixed Costs Total Selling and Administrative Expenses 101,000 102,000 203,000 Manufacturing (47,000) S 103,000 5 56,000 meatina Selling and Administrative Total Fixed Costs Operating Income (Loss) Print Done Help me solve this Demodocs example Get more help - Clear all Check answer w 9:04 PM O 9 11/2/202