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Kevin is a wine connoisseur and has a collection of wine glasses to use with...

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Accounting

Kevin is a wine connoisseur and has a collection of wine glasses to use with different kinds of wine. He is always looking to expand his collection, in case anyone is looking for gift ideas According to the media, the manufacturer of his favorite wine glasses, Clear Leigh has been having financial difficulties. The only information disclosed is that the champagne flutes may be discontinued due to poor sales According to the financial information disclosed belowyou agree there is a problem Red WhiteChampagne Sales $380,000$316,000$131,000 Variable costs 183,000158,00044,000 Contribution margin197,000158,00087,000 Fixed costs 119,00095,00089,000 Operating income (loss) $78,000$63,000($2,000)

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