Concord Corporation produces three versions of baseball bats: wood, aluminum, and hard rubber. A condensed...
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Accounting
Concord Corporation produces three versions of baseball bats: wood, aluminum, and hard rubber. A condensed segmented income statement for a recent period follows: Wood $430000 Aluminum $130000 Hard Rubber $65000 Total $625000 290000 70000 58000 418000 Sales Variable expenses Contribution margin Fixed expenses Net income loss) 140000 60000 7000 207000 75000 35000 22000 132000 $65000 $ 25000 $(15000) $75000 Assume none of the fixed expenses for the hard rubber line are avoidable. What will be total net income if the line is dropped? $70000 $68000 $140000 $90000
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