Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. marinette company makes several products, includin

Marinette Company makes several products, including canoes. The company has been experiencing losses from its...

60.1K

Verified Solution

Question

Accounting

imageimage

Marinette Company makes several products, including canoes. The company has been experiencing losses from its canoe segment and is considering dropping that product line. The following information is available regarding its canoe segment. (Leave no cells blank. Enter zeros where appropriate.) $2,300,000 MARINETTE COMPANY Income Statement-Canoe Segment Sales Variable costs Direct materials $ 510,000 Direct labor 560,000 Variable overhead 360,000 Variable selling and administrative 230,000 Total variable costs Contribution margin Fixed costs Direct 435,000 Indirect 360,000 Total fixed costs Net income 1,660,000 640,000 795,000 $ (155,000) 1. If canoes are discontinued, calculate the net income lost or gained. Keep the department Eliminate the department Sales Expenses: Total expenses Net income (loss) 2. Should management discontinue the manufacturing of canoes? O No Yes

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

Find the average value of f(x,y)= 4x+2y over region bounded by coordinate axis and lines x+y=4...

Basic Math
Q

A typical cell has different organelles that each have a unique function For example mitochondria...

Biology
Q

Column A 1 Force 75 N distance 5 m 2 Force 33 N distance 12...

Physics
Q

High-Low Method for Service Company Miss River Railroad...

Accounting
Q

An inexperienced bookkeeper prepared the following trial balance that does not balance. Prepare a correct...

Accounting
Q

The following data are taken from the financial statements of Sigmon Inc. Terms of all...

Accounting
Q

Winona's furniture received an invoice dated September 27 for five bedroom sets at $3,000 each....

Accounting
Q

nusso snang

Accounting
Q

Locate Revenue Ruling 2016-15. Explain the effect of that ruling on previous Treasury Department pronouncements.

Accounting
Q

Problem 2- Gooden Company purchased a portfolio of stock in 2022. The cost and current...

Accounting
Q

Harvard Company purchased equipment having an invoice price of $11,500. The terms of sales were...

Accounting
Q

Schuman Corporation produces microwave units. The following per-unit cost information is available: direct materials $38;...

Accounting