Business, 28.10.2020 17:00 Perez1957

what would peggy's profit be if the golf club division was dropped and all fixed costs are unavoidable

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Answer from: AM28

Question Completion:

Peggy's Golf Equipment, Inc. sells equipment through pro shops at golf courses. Peggy's Golf has two divisions: Golf Clubs and Golf Balls. For

Golf Clubs Golf Balls Total

Total Sales $371,000 $375,000 $746,000

Variable Costs 288,000 148,000 $436,000

Contribution Margin $83,000 $227,000 $310,000

Fixed Costs (allocated) 122,000 112,000 $234,000

Profit $(39,000) $115,000 $76,000

What would Peggy's profit be if the Golf Club division was dropped and all fixed costs are unavoidable?

a) $7,000 loss

b) $39,000 profit

c) $76,000 profit

d) $83,000 loss

Peggy's Golf Equipment, Inc.

a) $7,000 loss

Explanation:

a) Data and Calculations:

Peggy's Divisional Income Statement

Golf Clubs Golf Balls Total

Total Sales $371,000 $375,000 $746,000

Variable Costs 288,000 148,000 $436,000

Contribution Margin $83,000 $227,000 $310,000

Fixed Costs (allocated) 122,000 112,000 $234,000

Profit $(39,000) $115,000 $76,000

Income Statement after dropping the Golf Club Division:

Total

Total Sales $375,000

Variable Costs 148,000

Contribution Margin $227,000

Fixed Costs (allocated) 234,000

Profit $(7,000)

Answer from: Quest

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Answer from: Quest

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