Please do not give solution in image format thanku Carns Company is considering eliminating its Small Tools Division, which reported aloss for the prior year of $255,000 as shown below.Segment Income (Loss)SalesVariable costs1,345,000Contribution margin 135,000390,000Fixed costsIncome (loss)$(255,000)$ 1,480,000If the Small Tools Division is dropped, all of its variable costs are avoidable, and$117,000 of its fixed costs are avoidable. The impact on Carns's income fromeliminating the Small Tools Division would be:$18,000 decrease$39,900 decrease$117,000 decrease$18,000 increase

Variable costs are costs that varies with the change in the level of output whereas fixed costs are…

Carns Company is considering eliminating its Small Tools Division, which reported a loss for the prior year of $255,000 as shown below. Segment Income (Loss) Sales $ 1,480,000 Variable costs 1,345,000 Contribution margin 135,000 390,000 Fixed costs Income (loss) $ (255,000) If the Small Tools Division is dropped, all of its variable costs are avoidable, and $117,000 of its fixed costs are avoidable. The impact on Carns's income from eliminating the Small Tools Division would be: $18,000 decrease $39,900 decrease $117,000 decrease $18,000 increase

Carns Company is considering eliminating its Small Tools Division, which reported a loss for the prior year of $255,000 as shown below. Segment Income (Loss) Sales $ 1,480,000 Variable costs 1,345,000 Contribution margin 135,000 390,000 Fixed costs Income (loss) $ (255,000) If the Small Tools Division is dropped, all of its variable costs are avoidable, and $117,000 of its fixed costs are avoidable. The impact on Carns's income from eliminating the Small Tools Division would be: $18,000 decrease $39,900 decrease $117,000 decrease $18,000 increase

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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