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A candy company makes Chocolate and Peanut clusters which produced the following results last year.
Chocolate
Peanut
Total
Sales
$500,000
$600,000
$1,100,000
Variable costs
420,000
350,000
$770,000
Contribution margin
80,000
250,000
$330,000
Direct fixed costs
50,000
15,000
$65,000
Allocated fixed costs
45,000
55,000
$100,000
Net Income
($15,000)
$180,000
$165,000
A. Should the Chocolate be dropped?
B. Explain your answer for item (a).
C. What would happen to overall net income if the chocolate was dropped?
D. Assume the chocolate clusters are not dropped and the peanut lost 15% of its sales. What would be the effect on net income?
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