Current Attempt in Progress Safe and Secure, Inc. produces three models of home security systems. Information on the three products is given below Sales Variable expenses Contribution margin Fixed expenses Net income Assurance $447,900 223,950 223,950 178,600 $45.350 Decoder $746,500 298,600 447,900 344,700 $103.200 Burglar Beware $296.900 207,830 89,070 143,700 $(54,630) Fixed expenses consist of $450,400 of common costs allocated to the three products based on relative sales, and additional fixed costs of $44,200 (Assurance). $120,800 (Decoder), and $51,600 (Burglar Beware). The common costs will be incurred regardless of how many models are produced. The other foxed expenses would be eliminated if a model is phased out Matt Dillon, an executive with the company with extensive law enforcement background, feels that the Burglar Beware line should be discontinued to increase the company's net income. (a) 1727 m Show 0.5/2 III EUR Matt Dillon, an executive with the company with extensive law enforcement background, feels that the Burglar Beware line should be discontinued to increase the company's net income. (a) Your answer is correct. Compute current net income for Safe and Secure, Inc. (Enter loss using elther a negative sign preceding the number 08.-2,945 or parentheses eg. (2,945).) Net income $ 93920 e Textbook and Media Attempts: 2 of 5 used (b) MacBook Pro Question 2 of 7 0.5/2 E Net income 93920 e Textbook and Media Attempts: 2 of 5 used (b) Compute net income by product line and in total for Safe and Securg, Inc. If the company discontinues the Burglar Beware product line. (Hint: Allocate the $450,400 common costs to the two remaining product lines based on their relative sales.) (Enter loss using either a negative sin preceding the number e.g.-2,945 or parentheses es. (2.9451) Assurance Decoder Company Total Net income $ $ $ e Textbook and Media Save for Later Attempts: 0 of 5 used Submit Answer MacBook Pro