A condensed income statement by product line for Lavonia Beverage Inc. Indicated the following for Vim Cola for the past year: Sales Cost of goods sold Gross profit Operating expenses Operating loss It is estimated that 13% of the cost of goods sold represents fixed factory overhead costs and that 21% of the operating expenses are fixed. Because Vim Cola is only one of many products, the fixed costs will not b materially affected if the product is discontinued. a. Prepare a differential analysis dated November 2 to determine whether Vim Cola should be continued (Alternative 1) or discontinued (Alternative 2). If an amount is zero, enter "0". If required, use a minus sign indicate a loss. $237,100 (108,000) $129,100 (145,000) $(15,900) Line Item Description Revenues Costs: Differential Analysis Continue (Alt. 1) or Discontinue (Alt. 2) Vim Cola November 2 Variable cost of goods sold Variable operating expenses Fixed costs Profit (loss) Mo 0000 0 000C Discontinue Differential Continue Vim Cola (Alternative 1) (Alternative 2) (Alternative 2) Effects Vim Cola

A condensed income statement by product line for Lavonia Beverage Inc. Indicated the following for Vim Cola for the past year: Sales Cost of goods sold Gross profit Operating expenses Operating loss It is estimated that 13% of the cost of goods sold represents fixed factory overhead costs and that 21% of the operating expenses are fixed. Because Vim Cola is only one of many products, the fixed costs will not b materially affected if the product is discontinued. a. Prepare a differential analysis dated November 2 to determine whether Vim Cola should be continued (Alternative 1) or discontinued (Alternative 2). If an amount is zero, enter "0". If required, use a minus sign indicate a loss. $237,100 (108,000) $129,100 (145,000) $(15,900) Line Item Description Revenues Costs: Differential Analysis Continue (Alt. 1) or Discontinue (Alt. 2) Vim Cola November 2 Variable cost of goods sold Variable operating expenses Fixed costs Profit (loss) Mo 0000 0 000C Discontinue Differential Continue Vim Cola (Alternative 1) (Alternative 2) (Alternative 2) Effects Vim Cola

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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