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Fixed expenses consist of $300,000 of common costs allocated to the three products based on relative sales, and additional fixed expenses of $30,000 (Stunner), $75,000 (Double-Set), and $30,000 (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 phased out.Jim Kirk, an executive with the company, feels the Mega-Power line should be discontinued to increase the company's net income.
Instructions
Compute current net income for Shatner Company.
$Compute net income by product line and in total for Shatner Company if the company discontinues the Mega-Power product line. (Hint: Allocate the $300,000 common costs to the two remaining product lines based on their relative sales.)
Stunner net income
$Double-set net income
$Total net income
$Should Shatner eliminate the Mega-Power product line?
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