Variable and Absorption Costing-Three Products Fieet-of-Font inc. manufactures and sells three types of shoes. The income statements prepared under the absorption costing method for the three shoes are as follawn: Fleet-of-Foot Inc. Product Income Statements - Absorption Costing In addition, you have determined the following information with respect to allocated fixed costs: inventury may be ignored. the company to increase by $44,400. A. Are managements decoven and condusions correct? The peofe shoes be aroided if the line is eliminated. b. Prepare a varlable costing income statement for the three products. Enter a net loss as a negative number using a minus signi