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Please complete part d only (the last screenshot) :) Crane, Inc. produces three models of home security systems. Information on the three products is given

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedPlease complete part d only (the last screenshot) :)

Crane, Inc. produces three models of home security systems. Information on the three products is given below: Assurance Decoder Sales Variable expenses Contribution margin Fixed expenses Net income $442,500 221,250 221,250 179,900 $41,350 $737,500 295,000 442,500 349,900 $92,600 Burglar Beware $294,900 206,430 88,470 142,600 $(54,130 ) Fixed expenses consist of $454,200 of common costs allocated to the three products based on relative sales, and additional fixed costs of $45,400 (Assurance), $119,900 (Decoder), and $52,900 (Burglar Beware). The common costs will be incurred regardless of how many models are produced. The other fixed expenses would be eliminated if a model is phased out. Matt Dillon, an executive with the company with extensive law enforcement background, feels that the Burglar Beware line should be discontinued to increase the company's net income. Compute net income by product line and in total for Crane, Inc., if the company discontinues the Burglar Beware product line. (Hint: Allocate the $454,200 common costs to the two remaining product lines based on their relative sales.) (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) Assurance Decoder Company Total Net income $ 5,525 38,725 $ 44,250 Should Crane, Inc., eliminate the Burglar Beware product line? Why or why not? No the total for the company is higher v when the Burglar Beware product line is included. Assume instead that fixed expenses consist of $143,430 of common costs allocated to the three products equally, and additional fixed costs of $129,600 (Assurance), $300,900 (Decoder), and $98,470 (Burglar Beware). The common costs will be incurred regardless of how many models are produced. The other fixed expenses would be eliminated if a model is phased out. Compute net income by product line and in total for Crane, Inc., if the company discontinues Burglar Beware product line. Should Crane, Inc., eliminate the Burglar Beware product line? Why or why not? (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) Assurance Decoder Company Total Net income $ ta , the total net income for the company is v when the Burglar Beware product line is included

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