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9. Abel Company produces three versions of baseball bats: wood, aluminum, and hard rubber. A...

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9. Abel Company produces three versions of baseball bats: wood, aluminum, and hard rubber. A condensed segmented income statement for a recent period follows: wood 1urninum Hard Rubber Total $65,000 $765,000 Sales $500,00o 325.000 175,000 $200,000 Variable expenses 140.000 60,000 58.000 523.000 242,000o Contribution margin 7,000 Fixed expenses Net income (loss) $100.0003 5.000 S000 0.0 None of the Hard Rubber fixed costs will be eliminated if the line is discontinued. What will be total net income if the Hard Rubber line is eliminated? A) $125,000 B) SI03.000 C) S1O5,000 D) $140,000 The starting point in preparing a master budget is the preparation of the A) production budget. B) sales budget. C) purchasing budget. D) personnel budget 10. 11. Which is the last step in developing the master budget? A) Preparing the budgeted balance sheet B) Preparing the cost of goods manufactured budget C) Preparing the budgeted income statement D) Preparing the cash budget Which of the following is NOT an operating budget? A) Direct labor budget B) Sales budget C) Production budget D) Cash budget 2

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