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Facts: The following facts relate to Titan Company's production of two product lines. For purposes of this question, VC stands for variable costs, FC stands
Facts: The following facts relate to Titan Company's production of two product lines. For purposes of this question, VC" stands for "variable costs, FC" stands for "fixed costs", "CM" stands for "contribution margin", and "NI" stands for "net income". Product Line #1 $500,000.00 Product Line #2 $100,000.00 Sales VC $400.000.00 $80,000.00 CM $ $ FC $40,000.00 $30,000.00 NI $ For this problem, you will need to complete the table above. Nevertheless, for the answer sheet, you must only provide the appropriate answers for Questions #13 through #15, below. 13. If an elimination of Product Line #2 does not result in any decrease in Titan Company's fixed costs, should Titan Company eliminate Product Line #2? YES or NO. (For the answer to this question, please clearly write "YES" or "NO" in capital letters in the space provided on the answer sheet.) 14. If an elimination of Product Line #2 results in a decrease of $17,000.00 in Titan Company's fixed costs, should Titan Company eliminate Product Line #2? YES or NO. (For the answer to this question, please clearly write "YES" or "NO" in capital letters in the space provided on the answer sheet.) 15. for Given the facts in the provided Titan Company table above, total fixed costs of Titan Company must be reduced by an amount greater than or equal to $_ it to make economic sense for Titan Company to eliminate Product Line #2. (For the answer to this question, please clearly write the answer that satisfies the blank in the preceding sentence by writing the dollar amount in the space provided on the answer sheet.)
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