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Question - Clarington Company makes three models of phasers. Information on the three products is given below:
Stunner
Double-Set
Mega-Power
Sales
$298,000
$447,000
$186,250
Variable expenses
$150,500
$190,500
$138,500
Contribution margin
$147,500
$256,500
$47,750
Fixed expenses
$111,500
$224,400
$87,200
Net income
$36,000
$32,100
($39,450)
Fixed expenses consist of $289,500 of common costs allocated to the three products based on relative sales, and additional fixed expenses of $29,500 (Stunner), $74,800 (Double-Set), and $29,300 (Mega-Power). The common costs will be incurred regardless of how many models are produced. The other fixed expenses would be eliminated if a model is discontinued.
Required - Calculate net income by product line and in total for Clarington Company if the company discontinues the Mega-Power product line.
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