Use the following information for Brief Exercises 8-19 and 8-20:
Shown below is a segmented income statement for Hickory Company’s three wooden flooring product lines:
8-19 Structuring a Keep-or-Drop Product-Line Problem
Refer to the information for Hickory Company above. 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 $50,000 (sales of $300,000 less total variable costs of $250,000). All variable costs are relevant. Relevant fixed costs associated with this line include 80% of parquet’s machine rent and all of parquet’s supervision salaries.
Required:
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