Product Income Statements-Absorption Costing For the Year Ended December 31, 20Y1 In addition, you have determined the following information with respect to allocated fixed costs: These fixed costs are used to support all three product lines and will not change with the elimination of any one product. In add tion, rou have the profits of the company to increase by $43,100. a. Are management's decision and conclusions correct? Management's decision and conclusion are 1. The profit be improved becouse the fixed corts used in manu Fenthese - Creck Mriwen b. Prepare a variable costing income statement for the three protucts. Enter a net loss as a negative number using a minus sign