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Question - One of Solana Ltd's product line has been unprofitable for the past two years. The latest income statement for the product line is as follows:
Sales revenue
231,000
Less: Cost of sales
101,000
Gross profit
130,000
Operating expenses
Depreciation
33,000
Insurance
17,000
Manager salary
14,000
Supplies
21,000
Utilities
13,000
Wages
61,000
Total operating expenses
159,000
Profit or loss
(29,000)
In relation to the operating expenses, utilities, manager salary and $17,000 of the depreciation expense are allocated to this product line.
Required - Evaluate whether the unprofitable product line should be disestablished from a financial standpoint. Support your answer with relevant costs and benefit analysis.
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