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Question - HiTech manufactures two products fitness bands and heart rate monitors. The company has prepared the following income statement (using absorption costing) for 2015:
Fitness Bands
Heart Rate Monitors
Total
Sales
$240,000
$740,000
$980,000
Less COGS
$180,000
$481,000
$661,000
Gross Margin
$60,000
$259,000
$319,000
Less selling and Adm expenses
$134,000
$194,000
Net operating income
-
$125,000
Number of unit produced and sold
10,000
3,700
13,700
Fixed manufacturing costs included in cost of good sold amount to $3 per unit for the fitness bands and $20 per unit for the heart rate monitors. Variable selling expenses are $4 per unit for the fitness bands and $20 per unit for the heart rate monitors; remaining selling and administrative expenses are fixed.
HiTech wants to drop the line of fitness bands. If the line were to be dropped company-wide fixed manufacturing costs would fall by 10%. What would be the impact on net operating income if the fitness band line is discontinued? (Positive, Negative)?
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