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Question - Oko Thia Inc packages and sells Vietnamese coffee. One of its coffee product lines, Robusta Red, is showing a loss and the company's cost accountant is determining whether the product line should be discontinued. The latest annual contribution margin income statement shows the following:
Sales of Robusta Red $625,000
Less: variable costs 250,000
Contribution margin $375,000
Fixed costs 395,000
Operating loss $(20,000)
20% of the fixed costs include a portion allocated from the corporate-wide fixed costs. These costs consist of CEO salaries and corporate headquarter administrative costs. Of the remaining fixed costs, $90,000 is for roasting and packaging equipment that is shared with Tran's other product lines. The remaining fixed costs can be eliminated if the product line is discontinued.
Required - What is the net effect on Tran's overall income if the product line were discontinued?
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