What would taconites profit or loss be if the hoyt division

Assignment Help Accounting Basics

Reference no: EM13577948

Taconite Inc. has three divisions, Bovey, Babbit and Hoyt. Following is the income statement for the previous year:

	Bovey		Babbit		Hoyt		Total
Sales	$	517,000	$	271,500	$	227,000	$	1,015,500
Variable Costs		181,000		124,300		100,500		405,800

Contribution Margin		336,000		147,200		126,500		609,700
Fixed Costs (allocated)		265,000		152,250		116,750		534,000

Profit Margin		71,000		(5,050)		9,750		75,700

a.	What would Taconite's profit or loss be, if the Babbit division was dropped? (Input the amount as positive value.Omit the "$" sign in your response.)

(Click to select)Profit or Loss?

b.	What would Taconite's profit or loss be, if the Hoyt division was dropped? (Input the amount as positive value. Omit the "$" sign in your response.)

(Click to select)Profit or Loss?

Reference no: EM13577948

Questions Cloud

Find the weighted mean for three exams if the first one was : find the weighted mean for three exams if the first one was worth 20 and the student received a 80 the second was

Persius corp is considering the purchase of a new piece of : persius corp is considering the purchase of a new piece of equipment. the cost savings from the equipment would result

On a scale of 1 to 10 what is your satisfaction level with : below are five questions that might be found on questionnaires. comment on each as to whether it is a good question

Andree is about to graduate college with a management : andree is about to graduate college with a management degree. she has been offered a job as a sales representative for

What would taconites profit or loss be if the hoyt division : taconite inc. has three divisions bovey babbit and hoyt. following is the income statement for the previous

You have recently been hired as the assistant controller : you have recently been hired as the assistant controller for stanton industries a large publicly held manufacturing

If a random sample of 100 math students are taken and 30 : a large university wants to estimate what proportion of their full time math students are male. if a random sample of

You have been asked for assistance regarding the type of : question you have been asked for assistance regarding the type of surveys that should be used in five research

If dionne has no alternative uses for the manufacturing : dionne currently manufactures a subcomponent that is used in its main product. a supplier has offered to supply all the

User Account

All Pages