Homework Answers
| Contribution Margin - Sales - Variable costs | |||
| =Sales - cost of goods sold - department manager's salary - sales commission | |||
| = | 22225 | ||
| No, since positive contribution margin | |||
| b-1 | |||
| Net Income as a whole = 156800+107600-4,775 = $259,625 | |||
| b-2 | |||
| Men | Women | Company | |
| Sales | 610,000 | 430,000 | 1,040,000 |
| COGS | -266,000 | -176,800 | -442,800 |
| Gross Margin | 344,000 | 253,200 | 597,200 |
| Salary | -53,000 | -42,000 | -95,000 |
| Sales Commission | -107,200 | -76,600 | -183,800 |
| Rent | -33,000 | -33,000 | -66,000 |
| Utilities | -22,500 | -22,500 | -45,000 |
| Net Income | 128,300 | 79,100 | 207,400 |
| Since fixed costs of rent and utilities will not be reduced, they are allocated to remaining divisions | |||
| Yes, better to discontinue as additional earnings are higher than contribution margin | |||
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