Questions 17-19: Use the following contribution margin statement Basic 400 Premium 600 $60,000 Total 1,000 $120,000 $60,000 Sales volume in units Revenue Variable costs Direct materials Direct labor Contribution Margin Fixed Costs Profit $25,000 $15,000 $20,000 $15,000 $10,000 $35,000 $40,000 $25,000 $55,000 $50,000 $5,000 17. Compute allocated fixed costs per premium: A. $2,000 B. $20,000 C. $30,000 D. $45,000 E. $50,000 18. If you drop Premium in the short-term, profit will: A. Increase by $15,000 B. Increase by $20,000 C. Decrease by $35,000 D. Decrease by $20,000 E. Decrease by $15,000 19. If you drop Premium in the long-term, profit will: A. Increase by $15,000 B. Increase by $20,000 C. Decrease by $35,000 D. Decrease by $20,000 E. Decrease by $15,000