Question: Hello, can someone kindly help me with this problem? Marinette Company makes several products, including canoes. The company has been experiencing losses from its canoe
Hello, can someone kindly help me with this problem?

Marinette Company makes several products, including canoes. The company has been experiencing losses from its canoe segment and is considering dropping that product line. The following information is available regarding its canoe segment. MRDEI'I' E C(HPMY Income StatementCanoe Segment Sales $3,666,666 Variable costs Direct materials $ 816,666 Direct labor 666,666 Variable overhead 666,666 Variable selling and administrative 386,666 Total variable costs 2,?16,666 Contribution margin 1,696,666 Fixed costs Direct ?35,BM Indirect 566,666 Total fixed costs 1,395,933 Net income $ {365,666} 1. If canoes are discontinued, calculate the net income lost or gained. 2. Should management discontinue the manufacturing of canoes? Conmlete Iilis queslion by entering you- answers it line labs Ilehw. Required 1 Required 2 Heanoes are discontinued, calculate line not inoome lost or gained. (Leave no cells blank. Enter zeros where appropriate.) eeleeeeee ee-nmeeeeeee I'm Required 2 >
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