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Category > Accounting Posted 23 Aug 2017 My Price 13.00

Petoskey Company

Exercise 23-29  KEEP-OR-DROP DECISION

Petoskey Company produces three products: Alanson, Boyne, and Conway. A seg- mented income statement, with amounts given in thousands, follows:

Alanson               Boyne               Conway                Total

 

 

 

 

 

OB JE C T I VE � 2

 

 

Sales revenue

$1,280

 

$185

 

$300

 

$1,765

 

Less: Variable expenses

1,115

 

45

 

225

 

1,385

 

Contribution margin Less direct fixed expenses:

Depreciation

$  165

 

(50)

 

$140

 

(15)

 

$ 75

 

(10)

 

$  380

 

(75)

 

Salaries

(95)

 

(85)

 

(80)

 

(260)

 

Segment margin

$    20

 

$ 40

 

$ (15)

 

$    45

 

 

Direct fixed expenses consist of depreciation and plant supervisory salaries. All depreciation on the equipment is dedicated to the product lines. None of the equipment can be sold. Also, each of the three products has a different supervisor whose position would remain if the associated product were dropped.

 

 

Required:

Estimate the impact on profit that would result from dropping Conway. Explain why Petoskey should keep or drop Conway.

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Maurice Tutor
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Status NEW Posted 23 Aug 2017 11:08 PM My Price 13.00

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