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Asignment
The Regal Cycle Company manufactures three types of bicycles-a dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the past quarter follow:
Total
Dirt Bikes
Mountain Bikes
Racing Bikes
Sales
$
300,000
90,000
150,000
60,000
Variable manufacturing and selling expenses
120,000
27,000
33,000
Contribution margin
180,000
63,000
Fixed expenses:
Advertising, traceable
30,000
10,000
14,000
6,000
Depreciation of special equipment
23,000
9,000
8,000
Salaries of product-line managers
35,000
12,000
13,000
Allocated common fixed expenses*
18,000
Total fixed expenses
148,000
46,000
66,000
36,000
Net operating income (loss)
32,000
17,000
24,000
(9,000
)
*Allocated on the basis of sales dollars.
Management is concerned about the continued losses shown by the racing bikes and wants a recommendation as to whether or not the line should be discontinued. The special equipment used to produce racing bikes has no resale value and does not wear out.
Required:
1a. What is the impact on net operating income by discontinuing racing bikes? (Decreases should be indicated by a minus sign.)
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