please answer A & B

Dolan Products is a small, family-owned audio component manufacturet. Several years ago, the company decided to concentrate on only three models, which were sold under many brand names to electronic retallers and mass-market discount stores. For internal purposes, the company uses the product names Red, Yellow, and Green to refer to the three components. Data on the three models and selected costs follow. This year (year 2), the company only produced the Yellow and Green models. Total overhead was $741,000. All other volumes, unit prices, costs, and direct labor usage were the same as in year 1. The product cost system at Dolan Products allocates manufacturing overhead based on direct labor-hours. Required: a. Compute the product costs and gross margins (revenue less cost of goods sold) for the three products and total gross profit (loss) for year 1 . b. Compute the product costs and gross margins (revenue less cost of goods sold) for the two remaining products and total gross profit (loss) for year 2 . c. Should Dolan Products drop Yellow for year 3 ? 8 Answer is not complete. Complete this question by entering your answers in the tabs below. Compute the product costs and gross margins (revenue less cost of goods sold) for the three products and total gross profit (loss) for year 1. (Do not round intermediate calculations. Negative amounts should be indicated by a minus sign. Round your. answers to 2 decimal places.) Dolan Products is a small, family-owned audio component manufacturer. Several years ago, the company decided to concentrate on only three models, which were sold under many brand names to electronic retailers and mass-market discount stores. For internal purposes, the company uses the product names Red, Yellow, and Green to refer to the three components. Data on the three models and selected costs follow. This year (year 2), the company only produced the Yellow and Green models. Total overhead was $741,000. All other volumes, unit prices, costs, and direct labor usage were the same as in year 1. The product cost system at Dolan Products allocates manufacturing overhead based on direct labor-hours. Required: a. Compute the product costs and gross margins (revenue less cost of goods sold) for the three products and total gross profit (loss) for year 1 . b. Compute the product costs and gross margins (revenue less cost of goods sold) for the two remaining products and total gross profit (loss) for year 2 . c. Should Dolan Products drop Yellow for year 3? (3) Answer is not complete. Complete this question by entering your answers in the tabs below. Compute the product costs and gross margins (revenue less cost of goods sold) for the two remaining products and total) gross profit (loss) for year 2 . (Do not round your intermediate calculations. Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places.)