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please complete excel portion Obj. 1 The condensed product-line income statement for Rhinebeck Company for the month of October is as follows: Fixed costs are
please complete excel portion
Obj. 1 The condensed product-line income statement for Rhinebeck Company for the month of October is as follows: Fixed costs are 20% of the cost of goods sold and 30% of the selling and administrative expenses. Rhinebeck Company assumes that fixed costs would not be materially affected if the Gloves line were discontinued. a. Prepare a dated October 31 to determine if Mufflers should be continued (Alternative 1) or discontinued (Alternative 2). SHOW ANSWER b. Should the Mufflers line be retained: Explain. Cells with non-gray backgrounds are protected and cannot be edited. An asterisk (*) will appear to the right of an incorrect entry. Enter a zero in cells you would otherwise leave blank Step by Step Solution
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