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Fixed expenses consist of $450,400 of common costs allocated to the three products based on relative sales, and additional fixed costs of $44,200 (Assurance), $120,800

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Fixed expenses consist of $450,400 of common costs allocated to the three products based on relative sales, and additional fixed costs of $44,200 (Assurance), $120,800 (Decoder), and $51,600 (Burglar Beware). The common costs will be incurred regardless of how many models are produced. The other fuxed expenses would be eliminated if a model is phased out. Matt Dillon, an executive with the company with extensive law enforcement background, feels that the Burglar Beware line should be discontinued to increase the company's net income. Compute net income by product line and in total for Swifty and Secure, Inc, if the company discontinues the Burglar Beware product line. (Hint: Allocate the $450,400 common costs to the two remaining product lines based on their relative sales.) (Enter loss using either a negative sign preceding the number e.g. 2,945 or parentheses e.8. (2,945)

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