Please do not give solution in image format thanku Wedding Supply is trying to decide whether or not to continue distributing reception supplies. The following information is available forWedding Supply's business segments.SalesVariable costsContribution marginDirect fixed costsAllocated common fixed costsReception Supplies Bridal Dresses Floral Decorations$110,000$210,00050,000120,00060,00020,00025,000$160,00084,00076,00050,00030,000Net Income($ 4,000)$ 15,000$ 35,000If reception supplies are dropped, floral decoration sales are expected to increase by 5%. What impact will the increase in floraldecorations have on overall profitability?Income will increase by $19,000.Income will increase by $16,000.Income will decrease by $17,000.Income will decrease by $8,000.90,000Income will decrease by $21,500.25,00030,000

The net income is affected with dropping the production of a product. It increases with fixed costs…

Answered: Wedding Supply is trying to decide…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 8PA: Extreme Sports sells logo sports merchandise. The company is contemplating whether or not to...

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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 Party Supply segment data Costumes Party Supplies $160,000 84,000 76,000 50,000 30,000 $110,000 50,000 60,000 20,000 25,000 Floral Decorations $210,000 120,000 90,000 25,000 30,000 $(4,000) $15,000 $35,000 If costumes are dropped, what change will occur to profit? If the effect is negative, use a dash - not parentheses ().
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 Dir fixed costs nor the Allocated common fixed costs may be eliminated, but will be allocated to the two remaining segments. Party Floral Costumes Supplies Decorations Sales $160,000 $109,000 $209,000 Variable costs 84,000 50,000 119,000 Contribution margin $76,000 $59,000 $90,000 Direct fixed costs 51,000 20,000 24,000 Allocated common fixed costs 31,000 24,000 31,000 Net income $(6,000) $15,000 $34,000 If costumes are dropped, what change will occur to profit? Profit will by $
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. Costumes PartySupplies FloralDecorations Sales $160,000 $111,000 $211,000 Variable costs 84,000 49,000 119,000 Contribution margin $76,000 $62,000 $92,000 Direct fixed costs 50,000 19,000 26,000 Allocated common fixed costs 30,000 26,000 30,000 Net income $(4,000) $17,000 $37,000 If costumes are dropped, what change will occur to profit? Profit will decrease by $????
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 Party Supply segment data Costumes Party Supplies $160,000 84,000 76,000 50,000 30,000 $110,000 50,000 60,000 20,000 25,000 Floral Decorations $210,000 120,000 $15,000 90,000 25,000 30,000 $(4,000) $35,000 Should Party Supply drop the Costumes segment or keep it? [Select]
Party Supply is trying to decide if they should 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. Costumes Party Supplies Floral Decorations Sales $160,000 $110,000 $210,000 Variable Costs 84,000 50,000 120,000 Contribution Margin 76,000 60,000 90,000 Direct Fixed Costs 50,000 20,000 25,000 Allocated Common Fixed Costs 30,000 25,000 30,000 Net Income (Loss) (4,000) 15,000 35,000 If costumes are dropped, what change will occur to profit?
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. Costumes Party Supplies Floral Decorations Sales $160,000 $110,000 $210,000 Variable costs 84,000 50,000 120,000 Contribution margin 76,000 60,000 90,000 Direct fixed costs 50,000 20,000 25,000 Allocated common fixed costs 30,000 25,000 30,000 Net income $ (4,000) $ 15,000 $ 35,000 If costumes are dropped, what change will occur to profit? PLEASE NOTE: All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). 1. What is Party Supply's Net Income for all three segments? 2. What is Party Supply's Net Income or Net Loss, if they drop the Costumes segment? 3. If Party Supply eliminates the Costumes segment, what will the effect on profit be? .…
5. 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. Costumes Party Supplies Floral Decorations Sales $160,000 84,000 $110,000 $210,000 Variable costs 50,000 60,000 120,000 90,000 Contribution margin 76,000 Direct fixed costs 50,000 20,000 25,000 Allocated common fixed costs 30,000 $ (4,000) 25,000 30,000 $ 35,000 Net income $ 15,000 a. If costumes are dropped, what change will occur to profit?
7. 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. Costumers Party Supplies Floral Decorations Sales $160,000 $110,000 $210,000 Variable costs 84,000 50,000 120,000 Contribution margin 76,000 60,000 90,000 Direct fixed costs 50,000 20,000 25,000 Allocated common fixed costs. 30,000 25,000 30,000 Net income $…
7. 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. Costumers Party Supplies Floral Decorations Sales $160,000 $110,000 $210,000 Variable costs 84,000 50,000 120,000 Contribution margin 76,000 60,000 90,000 Direct fixed costs 50,000 20,000 25,000 Allocated common fixed costs. 30,000 25,000 30,000 Net income $ (4,000) $15,000 $35,000 If costumes are dropped, what change will occur to profit? PLEASE NOTE: All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). 1. What is Party Supply's Net Income for all three segments? 2. What is Party Supply's Net Income or Net Loss, if they drop the Costumes segment? 3. If Party Supply eliminates the Costumes segment, what will the effect on profit be?…
Cullumber Company makes three models of tasers. Information on the three products is given below. Sales Variable expenses Contribution margin Fixed expenses Net income (a) Net income $ (b) Shocker Net Income Tingler $300,000 $500,000 Tingler Net Income $ Total Net Income (c) Why or why not? Compute current net income for Cullumber Company. ta Net income would 151,400 148,600 $ 119,400 S $29,200 Fixed expenses consist of $298,000 of common costs allocated to the three products based on relative sales, as well as direct fixed expenses unique to each model of $30,000 (Tingler), $80,800 (Shocker), and $34,300 (Stunner). The common costs will be incurred regardless of how many models are produced. The direct fixed expenses would be eliminated if that model is phased out. James Watt, an executive with the company, feels the Stunner line should be discontinued to increase the company's net income. Shocker 197,000 303,000 229,800 $73,200 Compute net income by product line and in total for…
Compute the missing amounts. Operating Data Contribution margin Controllable fixed costs i Controllable margin Sales Variable costs eTextbook and Media Women's Shoes $280,800 104,000 176800 (1) 624,000 343200 (2) Men's Shoes 135200 41600 93,600 468,000 332,800 (3) Children's Shoes $187,200 88400 (5) 98,800 447200 260,000 (6) Attemnts: unlimited
Product Cost Concept of Product Costing MyPhone Inc. uses the product cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 5,060 cellular phones are as follows: Please help with problem C and d and show calculation

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