this is an excel style practice problem The condensed product-line income statement for Dish N' Dat Company for themonth of May is as follows:Dish N' Dat CompanyProduct-Line Income StatementFor the Month Ended May 31BowlsSalesCost of goods soldGross profitSelling and administrative expensesIncome from operationsPlates$71,000 $105,70032,60042,300$38,400 $ 63,40027,40042,800$11,000$20,600Cups$33,50020,600$12,90017,200$(4,300)ExcelFixed costs are 15% of the cost of goods sold and 30% of the selling and administrative expenses.Dish N' Dat assumes that fixed costs would not be materially affected if the Cups line werediscontinued. a.b.RevenuesCosts:Differential AnalysisContinue Cups (Alt. 1) or Discontinue Cups (Alt. 2)For the Month Ended May 31ContinueCups(Alternative 1)Variable cost of goods soldVariable selling and admin. expensesFixed costsIncome (loss)The Cups line should bewouldbyDiscontinueCups(Alternative 2)since incomeif the cups is discontinued.Differential Effecton Income(Alternative 2)

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Description: this is an excel style practice problem The condensed product-line income statement for Dish N' Dat Company for themonth of May is as follows:Dish N' Dat CompanyProduct-Line Income StatementFor the Month Ended May 31BowlsSalesCost of goods soldGross

The differential analysis is used to analyze the cost and benefit of the two alternatives. It helps…

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The condensed product-line income statement for Dish N' Dat Company for the month of May is as follows: Dish N' Dat Company Product-Line Income Statement For the Month Ended May 31 Bowls $71,000 32,600 Sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations discontinued $38,400 27,400 $11,000 Plates $105,700 42,300 $ 63,400 42,800 $ 20,600 Cups $33,500 20,600 $12,900 17,200 $(4,300) Exce Fixed costs are 15% of the cost of goods sold and 30% of the selling and administrative expen Dish N' Dat assumes that fixed costs would not be materially affected if the Cups line were

The condensed product-line income statement for Dish N' Dat Company for the month of May is as follows: Dish N' Dat Company Product-Line Income Statement For the Month Ended May 31 Bowls $71,000 32,600 Sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations discontinued $38,400 27,400 $11,000 Plates $105,700 42,300 $ 63,400 42,800 $ 20,600 Cups $33,500 20,600 $12,900 17,200 $(4,300) Exce Fixed costs are 15% of the cost of goods sold and 30% of the selling and administrative expen Dish N' Dat assumes that fixed costs would not be materially affected if the Cups line were

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter5: Accounting For Retail Businesses

Section: Chapter Questions

Problem 41E: Cost of goods sold and related items The following data were extracted from the accounting records...

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The condensed product-line income statement for Dish N’ Dat Company for the month of May is as follows: Dish N' Dat CompanyProduct-Line Income StatementFor the Month Ended May 31 Bowls Plates Cups Sales $92,300 $137,400 $43,500 Cost of goods sold 42,300 55,000 26,700 Gross profit $50,000 $82,400 $16,800 Selling and administrative expenses 35,600 55,600 22,400 Income from operations $14,400 $26,800 $(5,600) Fixed costs are 15% of the cost of goods sold and 25% of the selling and administrative expenses. Dish N' Dat assumes that fixed costs would not be materially affected if the Cups line were discontinued. Question Content Area a. Prepare a differential analysis dated May 31 to determine whether to Continue Cups (Alternative 1) or Discontinue Cups (Alternative 2). If an amount is zero, enter "0". For those boxes in which you must enter subtracted or negative numbers use a minus sign. Differential…
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