I need help on finding getting the amount of the Cups line is discontinued. Thank you. The images are on the attachments below gagenow.com/ilrn/takeAssignment/takeassignmelDish N' Dat CompanyProduct-LIne Income StatementFor the Month Ended May 31BowlsPlatesCupeSales$71,000 $105,700 $33,500Cost of goods sold32,60042,30020,600Gross profit$38,400$63,400 $12,900Selling and administrative expenses 27,40042,80017,200Income from operations$11,000$20,600 $(4,300)Fixed costs are 15% of the cost of goods sold and 30% of the selling and administrative expenses. Dish N' Datassumes that fixed costs would not be materially affected if the Cups line were discontinued.a. Prepare a differential analysis dated May 31 to determine if Cups should be continued (Alternative 1) ordiscontinued (Alternative 2), If an amount is zero, enter "0. For those boxes in which you must enter subtracted ornegative numbers use a minus sign.Differential AnalysisContinue Cups (Alt. 1) or Discontinue Cups (Alt. 2)For the Month Ended May 31Differential EffectContinue Cups Discontinue Cups(Alternative 1)on Income(Alternative 2)(Alternative 2)Revenues33,50033,500Costs:Variable cost of goods sold17,51017.510Variable selling and admin. xpenses12:04032.040Fixed costs8,2508,250Income (Lors)43003.950 Check My WorkFor continue and discontinue alternatives subtract the costs from the revenue. Use percentages to separatevariable from fixed costs. Determine the differential effect on income of the revenues, costs, and income(loss) by subtracting alternative 1 from alternative 2.b. Should the Cups line be retained? Explain.YesAs indicated by the differential analysis in part (a), the income will decrease v by $if the Cups line is discontinued.FeedackFeedbacknisCheck My WorkPartially correct5%

Discontinued operations describes a part of a firm's operations that have been divested or shut…

Dish N' Dat Company Product-Line Income Statement For the Month Ended May 31 Bowls Plates Cups Sales $71,000 $105,700 $33,500 Cost of goods sold 32,600 42,300 20,600 Gross profit $38,400 $63,400 $12,900 Selling and administrative expenses 27,400 42,800 17,200 Income from operations $11,000 $20,600 $(4,300) Fixed costs are 15% of the cost of goods sold and 30% of the selling and administrative expenses. Dish N' Dat assumes that fixed costs would not be materially affected if the Cups line were discontinued. a. Prepare a differential analysis dated May 31 to determine if Cups should be continued (Alternative 1) or discontinued (Alternative 2). If an amount is zero, enter "0. For those boxes in which you must enter subtracted negative numbers use a minus sign. Differential Analysis Continue Cups (Alt. 1) or Discontinue Cups (Alt. 2) For the Month Ended May 31 Differential Effect Continue Cups Discontinue Cups (Alternative 2). on Income (Alternative 1) (Alternative 2) Revenues 33,500 33,500 Costs: Variable cost of goods sold -17,510 17.510 Variable selling and admin. expenses12,040 12,040 Fixed costs 8,250 8,250 Income (Lors 4300 1950

Dish N' Dat Company Product-Line Income Statement For the Month Ended May 31 Bowls Plates Cups Sales $71,000 $105,700 $33,500 Cost of goods sold 32,600 42,300 20,600 Gross profit $38,400 $63,400 $12,900 Selling and administrative expenses 27,400 42,800 17,200 Income from operations $11,000 $20,600 $(4,300) Fixed costs are 15% of the cost of goods sold and 30% of the selling and administrative expenses. Dish N' Dat assumes that fixed costs would not be materially affected if the Cups line were discontinued. a. Prepare a differential analysis dated May 31 to determine if Cups should be continued (Alternative 1) or discontinued (Alternative 2). If an amount is zero, enter "0. For those boxes in which you must enter subtracted negative numbers use a minus sign. Differential Analysis Continue Cups (Alt. 1) or Discontinue Cups (Alt. 2) For the Month Ended May 31 Differential Effect Continue Cups Discontinue Cups (Alternative 2). on Income (Alternative 1) (Alternative 2) Revenues 33,500 33,500 Costs: Variable cost of goods sold -17,510 17.510 Variable selling and admin. expenses12,040 12,040 Fixed costs 8,250 8,250 Income (Lors 4300 1950

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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