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Hong Publishing has purchased Lang Publishing. After reviewing titles from both companies, a decision must be made to determine what titles must be dropped. The

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Hong Publishing has purchased Lang Publishing. After reviewing titles from both companies, a decision must be made to determine what titles must be dropped. The following information is available to make the decision. Title X Title Y Title Z Sales $99,000 $149,000 $199,000 Variable Cost 50,000 74,000 101,000 Contribution Margin $49,000 $75,000 $98,000 Direct Fixed Cost 19,000 31,000 39,000 Allocated Common Fixed Cost 10,000 15,000 19,000 Net Income $20,000 $29,000 $40,000 A. What is the total income if all titles were produced? B. If Title X was dropped, what would be the effect on Net Income? C. How much did Title X Contribute to Fixed Costs? D. Determine the cost and the amount that will remain even if Title X is dropped. E. Which costs and amount will be eliminated if Title X is dropped

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