Hong Publishing has purchased Lang Publishing. After reviewing titles from both companies, a decision must be made to determine what titles must be dropped. The following information is available to make the decision.
A. What Is the total income if all titles were produced?
B. If Title X was dropped, what would be the effect on Net Income?
C. How much did Title X Contribute to Fixed Costs?
D. Determine the cost and the amount that will remain even it Title X is dropped?
E. Which costs and amount will be eliminated if Title X is dropped?
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