Variable and Absorption Costing-Three Products In addition, you have determined the following information with respect to allocated fixed costs: Cross Training Shoes Golf Shoes Running Shoes in the other two lines. However, as a result of eliminating the running shoe line, management expects the profits of the company to increase by $40,500. b. Prepare a variable costing income statement for the three products. Enter a net loss as a negative number using a minus sign. Fleet-of-Foot Inc