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the legal Cycle Company manufactures three types of bicycles a dirt bike, a mountain bike, and a tacing bike. Data on sales and expenses for the past quarter follow. $921,000 464.000 457.000 $ 27. 911, 150 5.401.000 2011, 700.000 3253,000 153, 1. Variable manufacturing and selling wees Contribution margin Flied expenses Advertising traceable Depreciation of specialment Salaries of product-line manager Allocated common fixed expenses Total Fixed expenses Net operating income (tos) 100 14,100 113, 1842 11 SAS 6.000 . 200 $2.000 112 5.000 0,00 20,700 7.500 15.50 30,00 15, 300 10. 160011211 $ 15, $20,00) "Allocated on the basis of sales dollars Management is concerned about the continued losses shown by the racing bikes and waris recommendation an to whether or not the line should be discontinued. The special equipment used to produce racing bikes basnio jeste value and does not wear out Required: 1. What is the financial advantage (disadvantage) per quarter of discontinuing the Racing Bikes? 2. Should the production and sale of racing bikes be discontinuid? 3. Prepare a properly formatted segmented income statement that would be more useful to management in assessing the long run profitability of the various product lines. Complete this question by entering your answers in the tabs below. Required Recured 2 Required Prey Next > Ciecky Required: 1. What is the financial advantage (disadvantage) per quarter of discontinuing the Racing Bikes? 2. Should the production and sale of racing bikes be discontinued? 2. Prepare a properly formatted segmented income statement that would be more useful to management in assessing the long run profitability of the various product lines. Complete this question by entering your answers in the tabs below. Flequired 1 Required 2 Required Prepare a properly formatted segmented income statement that would be more useful to management in assessing the long run profitability of the various product lines. Totals Dirt Bikes Mountain Bike Racing Bes 0 0 Contribution margin loss) Traceable food expenses O 0 Total traceable food expenses Product line segment marinos OS 05 OS 0 5 0 Net operating income (los) Management is concerned about the continued losses shown by the racing bikes and wants a recommendation as to whether or not the line should be discontinued. The special equipment used to produce racing bikes has no resale value and does not wear out. Required: 1. What is the financial advantage (disadvantage) per quarter of discontinuing the Racing Bikes? 2. Should the production and sale of racing bikes be discontinued? 3. Prepare a property formatted segmented income statement that would be more useful to management in assessing the long run profitability of the various product lines. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the financial advantage (disadvantage) per quarter of discontinuing the Racing Bikes? Financial (disadvantage) per quarter Required 2 >