ebook Print Item Keep-or-Drop Decision Petoskey Company produces three products: Alanson, Boyne, and Conway. A segmented income statement, with amounts given in thousands, follows: Alanson Boyne Conway Total Sales revenue $1,280 $185 $330 $1,795 Less: Variable expenses 1,115 45 264 1,424 Contribution margin $165 $140 $66 $371 Less direct fixed expenses: Depreciation 50 15 12 77 Salaries 95 85 92 272 Segment margin $20 $40 $(38) $22 Direct fixed expenses consist of depreciation and plant supervisory salaries. All depreciation on the equipment is dedicated to the product lines. None of the equipment can be sold. Assume that each of the three products has a different supervisor whose position would be eliminated if the associated product were dropped. Required: Conceptual Connection: Estimate the impact on profit that would result from dropping Conway, Enter amount in full, rather than in thousands. For example, "15000" rather than "15" Should Petoskey keep or drop Conway? Previous Next > Check My Work 3 more Check My Work uses remaining Emad Instructor Save and Submit Assignment for Grade All work saved A segmented Income statement, with amounts given in thousands, follows: Alanson Boyne Sales revenue Conway Total $1,280 $185 $330 Less: Variable expenses $1,795 1,115 45 264 Contribution margin 1,424 $165 $140 $66 Less direct fixed expenses: $371 Depreciation 50 15 12 77 Salaries 95 85 92 272 Segment margin $20 $40 $(38) $22 Direct fixed expenses consist of depreciation and plant supervisory salaries. All depreciation on the equipment is dedicated to the product lines. None of equipment can be sold. Assume that each of the three products has a different supervisor whose position would be eliminated if the associated product were dropped Required: I Conceptual Connection: Estimate the impact on profit that would result from dropping Conway, Enter amount in full, rather than in thousands. For exam "15000" rather than "15", Should Petoskey keep or drop Conway? Previous Ne Check My Work 3 more Check My Work uses remaining, Email Instructor Save and Exit All work saved, Submit Assignment for