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Question - Sunland Equipment sells equipment to sports enthusiasts. Doug Sunland, the company's president, just received the following income statement reporting the results of the past year.
Baseball
Soccer
Basketball
Total
Sales revenue
$1,200,000
$3,450,000
$2,275,000
$6,925,000
Variable cost of goods sold
814,000
2,242,500
1,825,600
4,882,100
Fixed cost of goods sold
110,300
179,700
158,500
448,500
Gross profit
275,700
1,027,800
290,900
1,594,400
Variable operating expenses
162,800
552,000
227,500
942,300
Fixed operating expenses
76,200
80,500
69,900
226,600
Common fixed costs
57,500
124,000
92,900
274,400
Operating income
($20,800)
$271,300
($99,400)
$151,100
Doug is concerned that two of the company's divisions are showing a loss, and he wonders if the company should stop selling baseball and basketball gear to concentrate solely on soccer gear.
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