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Marinette Company makes several products, including canoes. The company has been experiencing losses from its canoe segment and is considering dropping that product line. The

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Marinette Company makes several products, including canoes. The company has been experiencing losses from its canoe segment and is considering dropping that product line. The following information is available regarding its canoe segment. (Leave no cells blank. Enter zeros where appropriate.) MARINETTE COMPANY Income Statenent-Canoe Segment $2,408,880 Sales Variable costs Direct materials Direct labor Variable overhead Variable selling and administrative 530,000 580,080 380,000 240,000 Total variable costs Contribution margin Fixed costs 1,738,e 678,008 Direct Indirect 455,000 38e,000 Total fixed costs Net income 835,000 (165,000)

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