Oriole Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $498,000, variable expenses of $365,000, and fixed expenses of $150,000. Therefore, the gloves and mittens line had a net loss of $17,000. If Oriole eliminates the line, $32,000 of fixed costs will remain. Prepare an analysis showing whether the company should eliminate the gloves and mittens line. (Enter negative amounts using either a negative sign preceding the number (e.g., -45) or parentheses (e.g., (45)).) Continue 498000 365000 i 133000 $ Eliminate Increase (Decrease) -498,000 365,000 -133,000

Oriole Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $498,000, variable expenses of $365,000, and fixed expenses of $150,000. Therefore, the gloves and mittens line had a net loss of $17,000. If Oriole eliminates the line, $32,000 of fixed costs will remain. Prepare an analysis showing whether the company should eliminate the gloves and mittens line. (Enter negative amounts using either a negative sign preceding the number (e.g., -45) or parentheses (e.g., (45)).) Continue 498000 365000 i 133000 $ Eliminate Increase (Decrease) -498,000 365,000 -133,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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