Problem - Differential Analysis for a Discontinued Product

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Problem - Differential Analysis for a Discontinued Product

A condensed income statement by product line for Crown Beverage Inc. indicated the following for King Cola for the past year:

Sales

$235,000

Cost of goods sold

110,000

Gross profit

$125,000

Operating expenses

144,000

Loss from operations

$ (19,000)

It is estimated that 16% of the cost of goods sold represents fixed factory overhead costs and that 20% of the operating expenses are fixed. Since King Cola is only one of many products, the fixed costs will not be materially affected if the product is discontinued.

Required -

a. Prepare a differential analysis, dated March 3, 2012, to determine whether King Cola should be continued (Alternative 1) or discontinued (Alternative 2).

b. Should King Cola be retained? Explain.

Reference no: EM132687449

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