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Check my work 8 Thalassines Kataskeves, S.A., of Greece makes marine equipment. The company has been experiencing losses on its bilge pump product line for several years. The most recent quarterly contribution format income statement for the bilge pump product line follows Thalassines Kataskeves, S.A. Income Statement-Bilge Pump For the Quarter Ended March 31 eBook Sales Variable expenses: $ 480,000 Variable manufacturing expenses Sales commissions 131,000 49,000 16,000 Shipping Total variable expenses Contribution margin Fixed expenses: 196,808 284,008 23,000 117,000 36,000 114,008 6,000 43,000t Advertising (for the bilge pump product line) Depreciation of equipment (no resale value) General factory overhead Salary of product-line manager Insurance on inventories Purchasing department Total fixed expenses 339,000 $ (55,000) Net operating loss Common costs allocated on the basis of machine-hours. Common costs allocated on the basis of sales dollars. Discontinuing the bilge pump product line would not affect sales of other product lines and would have no effect on the company's total general factory overhead or total Purchasing Department expenses Required: What is the financial advantage (disadvantage) of discontinuing the bilge pump product line? Check my work 10 Bed & Bath, a retailing company, has two departments-Hardware and Linens. The company's most recent monthly contribution format income statement follows Total Hardware Linens Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) 4,230,000 3,040,000 s 1,190, ee0 412,000 778,000 870,000 907,000 (92,800) eBook 813,000 3,005,000 2,227,000 2,190,0001,320,000 1,225,000 A study indicates that $377,000 of the fixed expenses being charged to Linens are sunk costs or allocated costs that will continue even if the Linens Department is dropped. In addition, the elimination of the Linens Department will result in a 11% decrease in the sales of the Hardware Department Required: What is the financial advantage (disadvantage) of discontinuing the Linens Department