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76 77 78 Product Line Elimination 79 Quiet Feet Inc. produces three different types of shoes. Complete the below contribution margin income statement for each product line. Allocate total fixed costs to each shoe type based on units as 80 a percent of total units (i.e. use units sold as the cost driver). 81 Boots Sneakers Sandals Total Relevant? 82 Sales (units) 6,000 15,000 4,000 25,000 83 Price $ 50.00 $ 25.00 $ 5.00 84 85 Sales revenue 86 Variable costs 180,000 300,000 24,000 504,000 87 Contribution margin 88 Fixed costs (all allocated) 119,900 89 Operating income 90 91 92 What is operating income if Quiet Feet Inc. stopped selling Boots? 93 What is operating income if Quiet Feet Inc. stopped selling Sneakers? 94 What is operating income if Quiet Feet Inc. stopped selling Sandals? 95 96 What product line (if any) should Quiet Feet Inc. stop producing? 97 98 99 100 101 OM