Bonita Industries produces three versions of baseball bats: wood, aluminum, and hard rubber. A condensed segmented incomestatement for a recent period follows:SalesVariable expensesContribution marginFixed expensesNet income (loss)O $110000O $248000O $180000O $270000Save for Lateresc!WoodQ$590000370000220000750002Aluminum Hard Rubber$340000$69000180000$145000 $ 125000W160000A S35000#3Assume all of the fixed expenses for the hard rubber line are avoidable. What will be total net income if the line is dropped?сE58000D1100022000$(11000)$4TotalR$999000608000391000132000$25900007 dºG Search or type URL%FAttempts: 0 of 1 used Submit AnswerMacBook ProTA6G&Y7H☆* 008U+J

Contribution Margin = Sales - Variable CostsNet Income (loss) = Contribution Margin - Fixed Expenses

Bonita Industries produces three versions of baseball bats: wood, aluminum, and hard rubber. A condensed segmented income statement for a recent period follows: Sales Variable expenses Contribution margin Fixed expenses Net income (loss) Wood O $110000 O $248000 $180000 O $270000 $590000 370000 220000 75000 Aluminum Hard Rubber $340000 180000 160000 35000 Total $69000 $999000 58000 $145000 $ 125000 11000 22000 $(11000) 608000 391000 132000 $259000 Assume all of the fixed expenses for the hard rubber line are avoidable. What will be total net income if the line is dropped?

Bonita Industries produces three versions of baseball bats: wood, aluminum, and hard rubber. A condensed segmented income statement for a recent period follows: Sales Variable expenses Contribution margin Fixed expenses Net income (loss) Wood O $110000 O $248000 $180000 O $270000 $590000 370000 220000 75000 Aluminum Hard Rubber $340000 180000 160000 35000 Total $69000 $999000 58000 $145000 $ 125000 11000 22000 $(11000) 608000 391000 132000 $259000 Assume all of the fixed expenses for the hard rubber line are avoidable. What will be total net income if the line is dropped?

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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