EA8. LO 10.4 Party Supply is trying to decide whether or not to continue its costume segment. The information shown is available for Party Supply's business segments. Assume that neither the Direct fixed costs nor the Allocated common fixed costs may be eliminated, but will be allocated to the two remaining segments. Sales Variable costs Contribution margin Direct fixed costs Allocated common fixed costs Net income Costumes $160,000 84,000 76,000 50,000 30,000 $ (4,000) Party Supplies $110,000 50,000 60,000 20,000 25,000 $ 15,000 If costumes are dropped, what change will occur to profit? Floral Decorations $210,000 120,000 90,000 25,000 30,000 $ 35,000

Foc  Don't upload any image please

Contribution Margin by Segment The following data are for Cabin Craft Apparel:   East  West  Sales volume (units):         Product XX 9,300 10,000     Product YY 6,100 12,900 Sales price:         Product XX $18 $20     Product YY $23 $22 Variable cost per unit:         Product XX $11 $11     Product YY $14 $14 a.  Determine the contribution margin for Product YY.$fill in the blank 1 b.  Determine the contribution margin for the West Region.$fill in the blank 2

Problem 12-21 (Algo) Prepare a contribution margin format income statement; answer what-if questions LO 12-7, 12-8, 12-9 Shown here is an income statement in the traditional format for a firm with a sales volume of 7,500 units. Cost formulas also are shown: Revenues Cost of goods sold ($5,900 + $2.25/unit) Gross profit Operating expenses: Selling ($1,200 + $0.10/unit) Administrative ($3,500 + $0.20/unit) Operating income $34,400 22,775 $ 11,625 1,950 5,000 $ 4,675 Required: a. Prepare an income statement in the contribution margin format. b. Calculate the contribution margin per unit and the contribution margin ratio. c. Calculate the firm's operating income (or loss) if the volume changed from 7,500 units to 1. 11,250 units. 2. 3,750 units. d. Refer to your answer to part a for total revenues of $34,400. Calculate the firm's operating income (or loss) if unit selling price and variable expenses per unit do not change and total revenues 1. Increase by $14,500. 2. Decrease by $3,000.

Subject : accounting

Hh2. Account

Please do not give solution in image format thanku

Please do not give solution in image format thanku

Please do not give solution in image format thanku