Author Question: The management accountant for Giada's Book Store has prepared the following income statement for the ... (Read 161 times)

leilurhhh · **on:** Mar 6, 2021

The management accountant for Giada's Book Store has prepared the following income statement for the most current year:

Cookbook

Travel Book

Classics

Total

Sales

$65,000

$164,000

$55,000

$284,000

Cost of goods sold

37,000

67,000

20,000

124,000

Contribution margin

28,000

97,000

35,000

160,000

Order and delivery processing

21,000

25,000

11,000

57,000

Rent (per sq. foot used)

5,000

4,000

13,000

Allocated corporate costs

10,000

30,000

Corporate profit

$ (8,000)

$58,000

$10,000

$60,000

If the travel book line had been discontinued, corporate profits for the current year would have decreased by ________.
◦ $97,000
◦ $72,000
◦ $68,000
◦ $58,000

janieazgirl · **Reply #1 on:** Mar 6, 2021

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