The condensed income statement for a Fletcher Inc. for the past year is as follows: Sales...

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The condensed income statement for a Fletcher Inc. for the past year is as follows: Sales Product F $300,000 G $210,000 H $340,000 Total $850,000 Costs: Variable costs $180,000 $180,000 $220,000 $580,000 Fixed costs Total costs 50,000 $230,000 Income (loss) $ 70,000 50,000 $230,000 $(20,000) 40,000 $260,000 $ 80,000 140,000 $720,000 $130,000 Management is considering the discontinuance of the manufacture and sale of Product G at the beginning of the current year. The discontinuance would have no effect on the total fixed costs and expenses or on the sales of Products F and H. What is the amount of change in net income for the current year that will result from the discontinuance of Product G? a. $30,000 increase Ob. $20,000 increase c. $30,000 decrease Od. $20,000 decrease The condensed income statement for a Fletcher Inc. for the past year is as follows: Sales Product F $300,000 G $210,000 H $340,000 Total $850,000 Costs: Variable costs $180,000 $180,000 $220,000 $580,000 Fixed costs Total costs 50,000 $230,000 Income (loss) $ 70,000 50,000 $230,000 $(20,000) 40,000 $260,000 $ 80,000 140,000 $720,000 $130,000 Management is considering the discontinuance of the manufacture and sale of Product G at the beginning of the current year. The discontinuance would have no effect on the total fixed costs and expenses or on the sales of Products F and H. What is the amount of change in net income for the current year that will result from the discontinuance of Product G? a. $30,000 increase Ob. $20,000 increase c. $30,000 decrease Od. $20,000 decrease

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Sales of product G was 210000 Variable costs of product G was 1... View the full answer