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Marinette Company makes several products including canoes The company has been experiencing losses from its canoe segment and is considering dropping that product line The following information is

Marinette Company makes several products, including canoes. The company has been experiencing losses from its canoe segment and is considering dropping that product line. The following information is available regarding its canoe segment.MARINETTE COMPANYIncome Statement—Canoe Segment Sales$1,940,000 Variable costs Direct materials$510,000 Direct labor430,000 Variable overhead400,000 Variable selling and administrative290,000 Total variable costs1,630,000 Contribution margin310,000 Fixed costs Direct355,000 Indirect370,000 Total fixed costs725,000 Net income$(415,000) 1.If canoes are discontinued, calculate the net income lost or gained.

Jun 26 2020 View more View Less

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