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Question - Keep-or-Drop Decision - Petoskey Company produces three products: Alanson, Boyne, and Conway. A segmented income statement, with amounts given in thousands, follows:
Alanson
Boyne
Conway
Total
Sales revenue
$1,280
$185
$300
$1,765
Less: Variable expenses
1,115
45
240
1,400
Contribution margin
$165
$140
$60
$365
Less direct fixed expenses:
Depreciation
50
15
10
75
Salaries
95
85
100
280
Segment margin
$20
$40
$(50)
$10
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.
Assume that each of the three products has a different supervisor whose position would be eliminated if the associated product were dropped.
Required - Conceptual Connection: Estimate the impact on profit that would result from dropping Conway. Should Petoskey keep or drop Conway?
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