Hickory's management is deciding whether to keep or drop the parquet product line. Hickory's parquet flooring product line has a contribution margin of 550,000 (sales of $300,000 less total varable costs of 3250,000). Ali variable costs are relevant Relevant fixed costs associated with this line include 80% of parnuet's machine rent and ad of parquet's supervision saiaries. In addition, assume that dropping the barquet product line would reduce sales of the strip line by 26% and sales of the plank line by 20%. All other information remains the same. Requireds 1. If the parquet product line is dropped, what is the contnbution margin for the strip line? For the plank line? 2. Which ilternative (keep or drop the parquet product line) is now mare cost effective and by now mixch