please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) RevenuesCosts:Differential AnalysisContinue Cups (Alt. 1) or Discontinue Cups (Alt. 2)March 31Variable cost ofgoods soldVariable selling andadmin. expensesFixed costsIncome (Loss)Continue Cups(Alternative 1)b. Should the Cups line be retained?Discontinue Cups(Alternative 2)Differential Effect onIncome (Alternative 2)0000 Differential Analysis for a Discontinued ProductThe condensed product-line income statement for Dish N' Dat Company for the month of March isas follows:SalesDish N' Dat CompanyProduct-Line Income StatementFor the Month Ended March 31Cost of goods soldGross profitSelling and administrative expensesIncome from operationsBowls$65,20025,500$39,70028,500$11,200Plates$88,90032,400$56,50034,500$22,000Cups$26,20014,300$11,90015,300$ (3,400)Fixed costs are 14% of the cost of goods sold and 35% of the selling and administrative expenses.Dish N' Dat assumes that fixed costs would not be materially affected if the Cups line werediscontinued.a. Prepare a differential analysis dated March 31 to determine if Cups should be continued(Alternative 1) or discontinued (Alternative 2). If an amount is zero, enter "0". Use a minus sign toindicate a loss.

Differential analysis is a technique which helps in making the decision between two options and…

Revenues Costs: Variable cost of goods sold Differential Analysis Continue Cups (Alt. 1) or Discontinue Cups (Alt. 2) March 31 Variable selling and admin. expenses Fixed costs Income (Loss) Continue Cups (Alternative 1) 10000 b. Should the Cups line be retained? Discontinue Cups (Alternative 2) 0000 Differential Effect on Income (Alternative 2) 10000

Revenues Costs: Variable cost of goods sold Differential Analysis Continue Cups (Alt. 1) or Discontinue Cups (Alt. 2) March 31 Variable selling and admin. expenses Fixed costs Income (Loss) Continue Cups (Alternative 1) 10000 b. Should the Cups line be retained? Discontinue Cups (Alternative 2) 0000 Differential Effect on Income (Alternative 2) 10000

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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