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In: Accounting

Rust & Sheary is a furniture store that offers three distinct products. Recent data are: Dining...

Rust & Sheary is a furniture store that offers three distinct products. Recent data are: Dining Sets Sofas ChairsSales $ 110,000 $ 125,000 $ 110,000 VC 60,000 55,000 52,000 CM $ 50,000 $ 70,000 $ 58,000 FC 54,000 51,000 45,000 Net Income $ (4,000) $ 19,000 $ 13,000 Research indicates 70% of the fixed costs are unavoidable; the other 30% can be avoided. Show calculations to determine is selling Dining Sets is profitable or not.

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