Homework Answers
Solution:
| Differential Analysis | ||||
| Continue Rug Yarn (Alternative 1) or Discontinue Rug Yarn (Alternative 2) | ||||
| 31-Dec | ||||
| 1 | Particulars | Continue Rug Yarn (Alternative 1) | Discontinue Rug Yarn (Alternative 2) | Differential Effect on Income (Alternative 2) |
| 2 | Revenues | $177,000.00 | $0.00 | -$177,000.00 |
| 3 | Costs: | |||
| 4 | Variable | $90,310.00 | $0.00 | -$90,310.00 |
| 5 | Fixed | $130,980.00 | $130,980.00 | $0.00 |
| 6 | Income (loss) | -$44,290.00 | -$130,980.00 | -$86,690.00 |
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For the past year, WoolCorp has experimented with its third product, extra-thick rug yarn. The company wishes to consider whether to continue or discontinue manufacturing and selling this product. You decide to prepare a differential analysis of the income related to all three products. To begin your analysis, you review the following condensed income statement. Then scroll down to complete the differential analysis. WoolCorp Condensed Income Statement For the Year Ended December 31, 20Y8 1 Raw Wool Wool Yarn Rug...
For the past year, WoolCorp has experimented with its third product, extra-thick rug yarn. The company...
For the past year, WoolCorp has experimented with its third product, extra-thick rug yarn. The company wishes to consider whether to continue or discontinue manufacturing and selling this product. You decide to prepare a differential analysis of the income related to all three products. To begin your analysis, you review the following condensed income statement. Then scroll down to complete the differential analysis. WoolCorp Condensed Income Statement For the Year Ended December 31, 20Y8 1 Raw Wool Wool Yarn Rug...
For the past year, WoolCorp has experimented with its third product, extra-thick rug yarn. The company...
For the past year, WoolCorp has experimented with its third product, extra-thick rug yarn. The company wishes to consider whether to continue or discontinue manufacturing and selling this product. You decide to prepare a differential analysis of the income related to all three products. To begin your analysis, you review the following condensed income statement. Then scroll down to complete the differential analysis. WoolCorp Condensed Income Statement For the Year Ended December 31, 20Y8 1 Raw Wool Wool Yarn Rug...
woolcorp condensed income statement WoolCorp Condensed Income Statement For the Year Ended December 31, 2018 Raw...
woolcorp condensed income statement
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i would really appreciate some help with this differential analysis! any correct answer will definitely recieve...
i would really appreciate some help with this differential
analysis! any correct answer will definitely recieve a thumbs up!
thank you
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WoolCorp WoolCorp buys sheep’s wool from farmers. The company began operations in January of this year, and is making de...
WoolCorp WoolCorp buys sheep’s wool from farmers. The company began operations in January of this year, and is making decisions on product offerings, pricing, and vendors. The company is also examining its method of assigning overhead to products. You’ve just been hired as a production manager at WoolCorp. Currently WoolCorp makes three products: (1) raw, clean wool to be used as stuffing or insulation; (2) wool yarn for use in the textile industry, and (3) extra-thick yarn for use in...
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woolcorp condensed income statement
WoolCorp Condensed Income Statement For the Year Ended December 31, 2018 Raw Wool Wool Yarn Rug Yarn Total Company Sales $200,000 $155,000 $187,000 $542,000 Costs of goods sold: Variable costs $(48,000) $(18,600) $(37,180) $(103,780) Fixed costs (32,000) (12.400) (24,790) (69,190) Total cost of goods sold $(80,000) $(31,000) ${61,970) $(172.970) Gross profit $120,000 $124,000 $125,030 $309.030 Operating expenses: Variable expenses $(5,000) $(7,750) $(53,110) $(65,860) Foxed expenses (89,000) (77,000) (106,200) (272,200) Total operating expenses $(94,000) $(84,750) $(159,310) $(338,060)...
Chapter 24 & 25 Mastery (Mastery) Calculator For the Year Ended December 31, 2048 Raw Wool Wool Yarn Rug Yarn $200,000 $155,000 $187,000 Total Company $542,000 Sales Costs of goods sold: Variable costs $(18,600) (12,400) $(103,800) (69,200) Fixed costs $(48,000) (32,000) $(80,000) $120,000 $(37,200) (24,800) $(62,000) $125,000 Total cost of goods sold $(31,000) $(173,000) $369,000 Gross profit $124,000 Operating expenses: Variable expenses $(53,100) $(65,850) Fixed expenses $(5,000) (89,000) $(94,000) $26,000 $(7,750) (77,000) $(84,750) $39,250 (106,200) $(159,300) Total operating expenses Operating...
i would really appreciate some help with this differential
analysis! any correct answer will definitely recieve a thumbs up!
thank you
of Accounting Section 1 20. CengageNOWV2 Online teaching and learning resurrom quired: Chapter 24 Homework & Apf Calculator Print Item Continue/Discontinue WoolCorp Condensed Income Statement For the Year Ended December 31, 2048 Raw Wool Wool Yam $210,000.00 $155,000.00 Rug Yarn Total Company $532,000.00 2 Sales $167,000.00 Cost of goods sold Variable costs $48,000.00 $103,780.00 69,200.00 Fixed costs 32,000.00 518,600.00...
WoolCorp WoolCorp buys sheep's wool from farmers. The company began operations in January of this year, and is making decisions on product offerings, pricing, and vendors. The company is also examining its method of assigning overhead to products. You've just been hired as a production manager at WoolCorp. Currently WoolCorp makes three products: (1) raw, clean wool to be used as stuffing or insulation; (2) wool yarn for use in the textile industry, and (3) extra-thick yarn for use in...
Differential Analysis for a Discontinued Product A condensed income statement by product line for Healthy Beverage Inc. indicated the following for Fruit Cola for the past year: Sales $236,900 112,000 Cost of goods sold Gross profit $124,900 Operating expenses 142,000 $(17,100) Loss from operations It is estimated that 12% of the cost of goods sold represents fixed factory overhead costs and that 22% of the operating expenses are fixed. Because Fruit Cola is only one of many products, the fixed...
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