Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. mad hatter plans to discontinue a department with

Mad Hatter plans to discontinue a department with a contribution margin of $24,000 and overhead...

60.1K

Verified Solution

Question

Accounting

  1. Mad Hatter plans to discontinue a department with a contribution margin of $24,000 and overhead of $48,000, of which $21,000 is allocated and cannot be eliminated. The effect of this discontinuance on Mad Hatters pretax profit would be a(n):
    1. Decrease of $3,000
    2. Increase of $3,000
    3. Decrease of $24,000
    4. Increase of $24,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What is a refractory metal? What are some examples? What is a precious metal? What...

Mechanical Engineering
Q

Radiation exposure to workers inside a nuclear power plant is Will negatively affect your health...

Biology
Q

Significant factors that affected the economic development of the southern colonies included O the distribution...

Biology
Q

A concave mirror is kept as shown in figure Its principal axis coincides with the...

Physics
Q

When considering the function y=-2?-3, the y-intercept is and the range isYou may either type...

Basic Math
Q

Use Green s Theorem to evaluate the line integral along the given positively oriented curve...

Calculus
Q

22 The length of a rectangle is 5 inches longer than its width The perimeter...

Algebra
Q

P5.3A (LO 2, 3, 4, 5) Presented here are selected transactions for Norlan Inc. during...

Accounting
Q

Sales Revenue Variable Costs Contribution Margin Fixed Costs Net Income a. Calculate the new...

Accounting
Q

True or False When calculating Joint Product Costs you can use the weighted average method...

Accounting
Q

"Express kidnapping" targets A. expatriates. B. home country nationals. C. domestic affiliates. D. legislators

Accounting
Q

Gordon Chemicals Company acquires a delivery truck at a cost of $35,000 on January 1,...

Accounting