Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. thalassines kataskeves, s.a. income statement-bilg

Thalassines Kataskeves, S.A. Income Statement-Bilge Pump For the Quarter Ended March 31 Sales S 450,000...

80.2K

Verified Solution

Question

Accounting

imageimage

Thalassines Kataskeves, S.A. Income Statement-Bilge Pump For the Quarter Ended March 31 Sales S 450,000 Variable expenses: Variable manufacturing expenses Sales commissions S134,000 43,000 18,000 Shipping Total variable expenses Contribution margin Fixed expenses: 195,000 255, 000 Advertising (for the bilge pump product line) Depreciation of equipment (no resale value) General factory overhead Salary of product-line manager Insurance on inventories Purchasing department 22,000 113,000 35,000* 124, 000 15,000 53,000t Total fixed expenses Net operating loss 362,000 (107, 000) Common costs allocated on the basis of machine-hours tCommon costs allocated on the basis of sales dollars. Discontinuing the bilge pump product line would not affect sales of other product lines and would have no effect on the company's total general factory overhead or total Purchasing Department expenses Required What is the financial advantage (disadvantage) of discontinuing the bilge pump product line

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Problem 9-21 Cost-Cutting Proposals [LO 2] CSM Machine Shop is considering a four-year project to improve its...

Programming
1.2K views

Your boss came to you and asked about Group Policies. He doesn't understand how Group Policies...

Biology
1.2K views

Explain the process of aerobic cellular respiration. List all steps, main reactants, and main products. Why would...

Mechanical Engineering
1.2K views

A finite wing area of 1.5 ft2 and aspect ratio of 6 is tested in a...

Basic Math
1.2K views

ivalent to a b C

Accounting
1.2K views

A Company estimates that warranty costs will equal 2% of sales. In September, total sales...

Accounting
1.2K views

Dunder Mifflin Co. began the year with $400,000 in assets and $250,000 in liabilities. During...

Accounting
1.2K views

Potomac LLC purchased an automobile for $30,000 on August 5, 2016. What is Potomac's depreciation...

Accounting
1.2K views

Given the data in the following table, what was net cash flow from financing activities...

Accounting
1.2K views

each year. \table[[\table[[Compa],[For Y]],\table[[e Balance Shee],[Ended December],[Current Year]],1 Year Ago,2 Years Ago],[Cash,$552,$448,$464

Accounting
1.2K views

Repaying a Loan While Mary Corens was a student at the University of Tennessee, she...

Finance
1.2K views

A small machine shop will invest $20,000 now and have costs that start at t=1...