Keep-or-Drop Decision Petoskey Company produces three products: Alanson, Boyne, and Conway. A segmented income statement, with amounts given in Alanson Boyne Conway Total Sales revenue $1,280 $185 $375 $1,840 Less: Variable expenses 1,115 45 300 1,460 Contribution margin $165 $140 $75 $380 Less direct fixed expenses: Depreciation 50 15 15 80 Salaries 95 85 92 272 Segment margin $20 $40 $(32) $28 Direct fixed expenses consist of depreciation and plant supervisory salaries. All depreciation on the equipment is dedicated to the p Assume that each of the three products has a different supervisor whose position would remain if the associated product were drop Required: CONCEPTUAL CONNECTION: Estimate the impact on profit that would result from dropping Conway, Enter amount in full, rather tha Decrease Should Petoskey keep or drop Conway? Keep Check My Work 1