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Current Attempt in Progress Crane Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $502,000, variable expenses
Current Attempt in Progress Crane Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $502,000, variable expenses of $369,000, and fixed expenses of $144,000. Therefore, the gloves and mittens line had a net loss of $11,000. If Crane eliminates the line, $43,000 of fixed costs will remain. Prepare an analysis showing whether the company should eliminate the gloves and mittens line. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Net Income Continue Eliminate Increase (Decrease) Sales LA $ $ Variable costs Contribution margin Fixed costs Net income / (Loss) $ $ $ The analysis indicates that Crane shoul, v the gloves and mittens line. eliminate not eliminate
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