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Question 5 3 pts EIO, Inc. sells three products. Income statement information for the t hree products for the most recent year is given below:
Question 5 3 pts EIO, Inc. sells three products. Income statement information for the t hree products for the most recent year is given below: Selling price per unit Product A $22 Product B $20 Product C $15 Costs: Variable costs Advertising Rent .... Supervisor's salary Property taxes $88,000 $12,300 $11,700 $22,800 $ 4,000 $64,000 $14,400 $11,700 $26,300 $ 7,000 $78,000 $18,900 $11,700 $24,400 $ 3,000 Units sold. 5,000 8,000 13,000 The rent is allocated to the three products equally and the property t axes are allocated based on the square footage each product uses in the fac tory. EIO, Inc. is considering eliminating Product A. If Product A is elimin ated, the space currently being used to produce Product A can be rented out for $12,200 per year. Calculate the increase in company profits if Product A is eliminated
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