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Should the line be dropped

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Reference no: EM131768182

Problem - Vulcan Swimsuit Company is considering dropping its line of women's beach robber.  A recent product income statement for the robe line follows:

Revenue                                             $950,760

Cost of Goods Sold                              861,840

Gross Margin                                       88,920

Selling and Admin Exp                          136,800

Net Loss                                              (-47,880)

A factory overhead account for 35 percent of the cost of goods sold and is one-third fixed.  These data are believed to reflect conditions in the immediate future.

Required: Should the line be dropped?

Reference no: EM131768182

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