please dear expert need answer for all requirements with calculation, explanation , formulation with steps for better understanding answer in text not image please show calculation how you get the numbers please double underline answer all RevenuesVariable expensesContribution marginFixed expenses:DepreciationLiability insuranceProgram administrators' salariesGeneral administrative overheadTotal fixed expensesNet operating income (loss)Total$930,000481,000449,00068,90042,800114,700186,000412,400Home Nursing Wheels$264,000 $ 408,000118,000 207,000146,000201,0008,20020,10040,90040,4007,10038,30081,600167,40052,800122,00020,30015,60035,50051,600123,000$36,600 $ 24,000 $ 33,600 $ (21,000)keeping$ 258,000156,000102,000Allocated on the basis of program revenues.The head administrator of Jackson County Senior Services, Judith Miyama, considers last year's net operating income of $36,600 tobe unsatisfactory; therefore, she is considering the possibility of discontinuing the housekeeping program.The depreciation in housekeeping is for a small van that is used to carry the housekeepers and their equipment from job to job. If theprogram were discontinued, the van would be donated to a charitable organization. None of the general administrative overheadwould be avoided if the housekeeping program were dropped, but the liability insurance and the salary of the program administratorwould be avoided.Required:1-a. What is the financial advantage (disadvantage) of discontinuing the Housekeeping program?1-b. Based on the financial advantage (disadvantage) of discontinuing the Housekeeping program calculated in requirement Req 1A.should the Housekeeping program be discontinued?2-a. Prepare a properly formatted segmented income statement.2-b. Would a segmented income statement format be more useful to management in assessing the long-run financial viability of thevarious services? Prepare a properly formatted segmented income statement.RevenuesVariable expensesContribution marginTraceable fixed expenses:Depreciation.Liability insuranceProgram administrators' salariesTotal traceable fixed expensesProgram segment marginsGeneral administrative overheadNet operating income (loss)Total3000Home Nursing$Meals OnWheels0 $000House-keeping$

Segment reporting is the process of identifying and presenting financial information about different…

Revenues Variable expenses Contribution margin Fixed expenses: Depreciation Liability insurance Program administrators' salaries General administrative overhead Total fixed expenses Net operating income (loss) Total $930,000 481,000 449,000 68,900 42,800 114,700 186,000 412,400 5:36,600 Home Nursing Wheels $264,000 $ 408,000 118,000 207,000 146,000 201,000 8,200 20,100 40,900 52,800 122,000 keeping $ 258,000 156,000 102,000 40,400 7,100 38,300 81,600 167,400 $24,000 $33,600 $ (21,000) 20,300 15,600 35,500 51,600 123,000 Allocated on the basis of program revenues. he head administrator of Jackson County Senior Services, Judith Miyama, considers last year's net operating income of $36,600 to e unsatisfactory, therefore, she is considering the possibility of discontinuing the housekeeping program. Required: a. What is the financial advantage (disadvantage) of discontinuing the Housekeeping program? he depreciation in housekeeping is for a small van that is used to carry the housekeepers and their equipment from job to job. If the rogram were discontinued, the van would be donated to a charitable organization. None of the general administrative overhead would be avoided if the housekeeping program were dropped, but the liability Insurance and the salary of the program administrator would be avoided. b. Based on the financial advantage (disadvantage) of discontinuing the Housekeeping program calculated in requirement Req 1A. hould the Housekeeping program be discontinued? a. Prepare a properly formatted segmented income statement. -b. Would a segmented income statement format be more useful to management in assessing the long-run financial viability of the arious services?

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q