HW 8. Please complete all requirements :) Members of the board of directors of Security Check have received the following operating income data for the year ended May 31, 2018:E (Click the icon to view the operating income data.)Members of the board are surprised that the industrial systems product line is not profitable. They commission a study to determine whether the company should drop the line. Company accountants estimate that dropping industrial systemsdecrease fixed cost of goods sold by $80,000 and decrease fixed selling and administrative expenses by $12,000.Read the reguirements.Data TableRequirement 1. Prepare a differential analysis to show whether Security Check should drop the industrial systems product line.Security CheckIncome StatementFor the Year Ended May 31, 2018Product LineHouseholdSystemsIndustrialin operating incomeSystemsTotalNet Sales Revenue$360,000 $380,000 $ 740,000Cost of Goods Sold:Variable37,00047,00084,000260,00063,000323,000Fixed297,000110,000407,000Total Cost of Goods SoldGross Profit63,000270,000333,000Selling and Administrative Expenses:Choose from any list or enter any number in the input fields and then click Check Answer.Variable64,00073,000137,00044,00026,00070,000FixedHeln Me Selve ThieVidooGet Mere Heln Requirements1. Prepare a differential analysis to show whether Security Check should drop the industrialsystems product line.2. Prepare contribution margin income statements to show Security Check's total operatingincome under the two alternatives: (a) with the industrial systems line and (b) without the line.Compare the difference between the two alternatives' income numbers to your answer toRequirement 1.3. What have you learned from the comparison in Requirement 2?

1. Incremental Analysis for Discontinuation Decision The expected decrease in revenues…

Members of the board of directors of Security Check have received the following operating income data for the year ended May 31, 2018: E (Click the icon to view the operating income data.) Members of the board are surprised that the industrial systems product line is not profitable. They commission a study to determine whether the company should drop the line. Company accountants estimate that dropping industrial syster decrease fixed cost of goods sold by $80,000 and decrease fixed selling and administrative expenses by $12,000. Read the requirements. Data Table Requirement 1. Prepare a differential analysis to show whether Security Check should drop the industrial systems product line. ( Security Check Income Statement For the Year Ended May 31, 2018 Product Line Industrial Household in operating income Systems Systems Total Net Sales Revenue $ 360,000 $ 380,000 $ 740,000 Cost of Goods Sold: Variable 37,000 47,000 84,000 260,000 63,000 323,000 Fixed 297,000 110,000 407,000 Total Cost of Goods Sold Gross Profit 63,000 270,000 333,000 Selling and Administrative Expenses: Choose from any list or enter any number in the input fields and then click Check Answer. Variable 64,000 137,000 73,000 44,000 26,000 70,000 Fixed

Members of the board of directors of Security Check have received the following operating income data for the year ended May 31, 2018: E (Click the icon to view the operating income data.) Members of the board are surprised that the industrial systems product line is not profitable. They commission a study to determine whether the company should drop the line. Company accountants estimate that dropping industrial syster decrease fixed cost of goods sold by $80,000 and decrease fixed selling and administrative expenses by $12,000. Read the requirements. Data Table Requirement 1. Prepare a differential analysis to show whether Security Check should drop the industrial systems product line. ( Security Check Income Statement For the Year Ended May 31, 2018 Product Line Industrial Household in operating income Systems Systems Total Net Sales Revenue $ 360,000 $ 380,000 $ 740,000 Cost of Goods Sold: Variable 37,000 47,000 84,000 260,000 63,000 323,000 Fixed 297,000 110,000 407,000 Total Cost of Goods Sold Gross Profit 63,000 270,000 333,000 Selling and Administrative Expenses: Choose from any list or enter any number in the input fields and then click Check Answer. Variable 64,000 137,000 73,000 44,000 26,000 70,000 Fixed

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

please do 7.4 -7.5 thank you .
Explain what is included in Form 10-Q and why is it needed.
Fans Company has two service departments-product design and engineering support, and two production departments - assembly and finishing. The distribution of each service department's efforts to the other departments is shown below: Design SERVICE DEPARTMENT Product Design 0% Engineering Support 20% The direct operating costs of the departments (including both variable and fixed costs) were as follows: Product Design Engineering Support Assembly Finishing Multiple Choice $1,863,265 SERVICES PROVIDED TO Support 10% 0% $623,878 $1,036,122 Assembly 30% 45% $100,000 $ 200,000 $540,000 $ 820,000 The total cost accumulated in the assembly department using the reciprocal method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar) Finishing 60% 35% D
JFK Sp G Persua: BIF ANSV B which c BWILL BE M (no sub Gis engli + n/courseware-delivery//ua/69158/45467532/aHR0cHM6Ly9mMi5hcHAUZWRtZW50dW0uY29tL2xlYXJuZXItdWkvc2Vjb25kYXJ5L3VzZXItY... < ☆ Unit Activity: Mathematical Models and Consumer Finance https:// Online Task 2 Saving Money Respond to each question below in two to three complete sentences. Each question is worth four points. BIUX² X₂ 15px Space used (includes formatting): 0/ 15000 Edment A G What fa Part A How can knowing your spending habits make it easier for you to learn to save money? Give an example to illustrate your explanation. !!! 6 of 12 V Print Sav
Indicate how to present and analyze liabilities and contingencies.
For what purpose Form 2553 is required?
[Based on Appendix C] Explain the difference between the general ledger and a subsidiary ledger.
What information is included in Form 10-K?
please answer this which is part C
8. Enumerate and explain the various application controls.
Read and interpret abalance sheet.
What are the 6 Types of Input VAT?