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Current Attempt in Progress Indigo Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $499,000, variable costs
Current Attempt in Progress Indigo Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $499,000, variable costs of $371,000, and fixed costs of $146,000. Therefore, the gloves and mittens line had a net loss of $18,000. If Indigo eliminates the line, $41,400 of fixed costs will remain. Prepare an analysis showing whether the company should eliminate the gloves and mittens line. (If an amount reduces the net income then enter with a negative sign preceding the number e.g. 15,000 or parenthesis, e.g. (15,000).) Prepare an analysis showing whether the company should eliminate the gloves and mittens line. (If an amount reduces the net income then enter with a negative sign preceding the number eg. 15,000 or parenthesis, e.g. (15,000).) Company eliminate the gloves and mittens line
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