asap please i will like!

Variable and Absorption Conting-Three Products Winslow Inc, manufactures and sells three types of shots. The income statements prepared under the absorption costing method for the three shoes are as follows: Winslow Inc. Product Income Statements-Absorption Costing For the Year Ended December 31, 2011 Cross Training Shoes Golf Shoes Running Shoes Revenues $5,800,000 $6,900,000 $4,200,000 Cost of goods sold (3,016,000) (3,380,000) (2,814,000) Gross profit $2,784,000 $3,519,000 $1,386,000 Selling and administrative expenses (2,436,000) (2,484,000) (2,142,000) Operating income $348,000 $1,035,000 $(756,000) In addition, you have determined the following information with respect to allocated fixed costs: Cross Golf Running Training Shoes Shoes Shoes Foxed costs: Cost of goods sold $928,000 $897,000 $700,000 Selling and administrative expenses 696,000 828,000 588,000 These fosed costs are used to support all three product lines and will not change with the elimination of any one product. In addition, you have determined that the effects of inventory may be ignored The management of the company has deemed the profit performance of the running shoe lineas unacceptable. As a result, it has decided to eliminate the running shoe line. Management does not expect to be able to increase sales in the other two lines. However, as a result of eliminating the running shoe in management expects the prohts of the company to increase by $750,000 b. Prepare a variable costing income statement for the three products. Enter a net loss as a negative number using a minus sign. Winslow Inc. Variable Costing Income Statements-Three Product Lines For the Year Ended December 31, 2011 Cross Training Shoes Golf Shoes Running Shoes Revenues 555.00 X 138,700 X 281.100 X Variable cost of goods sold 200,000 X 122,000 X 148,900 X Manufacturing margin 355.100X 216,700 X 133,900 X Variable selling and administrative expenses 161.600 X 3.700 X 115,600 x Contribution margin 191,700 x 133,000 X 16.100X Fixed costs: Fixed manufacturing costs NOX 44.000 X 39.400 X Fixed selling and administrative expenses 66.600X 20.600 x 19.400 X Total fixed costs 14100X TOX Operating Income (los) 43.400 X 1.200 X 195.400 x 37.100 X Checy c. Use the report in to determine the profit impact of liminating the running shoeline, assuming no other changes If the running shou une wereliminated, then the contribution margin of the product line would be eliminated and the found costs would not eliminated. Thus, the pront of the company would actually decline .by 16,600 X Management should keep the line and attempt to improve the Iran be