Variable and Absorption Costing-Three Products Winslow Inc, manufactures and sells three types of shoes. The income statements prepared under the absorption costing method for the three shoes are as follows: Winslow Inc. Product Income Statements-Absorption Costing For the Year Ended December 31, 2011 Cross Training Shoes Golf Shoes Running Shoes Revenge $5,800,000 $6.900.000 $4,200,000 Cost of goods sold (3,016,000) (3,381,000) (2.814,000) Gross prof $2,784,000 $3,519,000 $1,386,000 Selling and administrative expenses 12.435,000) (2.454,000) (2.142.000) Operating income $348,000 $1,035,000 50756.000) In addition, you have determined the following information with respect to allocated fred cost Cross Golf Running Training Shoes Shoes ed costs Cost of goods sold 3928,000 $897,000 5798,000 Selling and administrative expenses 1978.000 52.000 These fed costs are used to the product lines and will not change of any one product. In addition, you have determined to of try may be ignored The management of the condemned to performance of the shoes nie. As a result, it has decided to the ring shoe Ine Management expect to be able to increase in the other two lines. However, as a resulting the ning shoes, management per profits of the company to increase by S756.000 .. Are con and conditions correct Previous Next > AR On A S 4 0 delete 7 2 3 5 6 W E R U 0 T S F G H. K 00 C N. M command option