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Business, 06.10.2019 11:00 rahrah14

All about animals has two product lines: cat food and dog food. contribution margin income statement data for the most recent year follow: total cat food dog food sales revenue $415,000 $330,000 $85,000 variable expenses $61,000 $21,000 $40,000 contribution margin $354,000 $309,000 $45,000 fixed expenses $101,000 $49,000 $52,000 operating income (loss) $253,000 $260,000 $(7,000) if $13,000 of fixed costs will be eliminated by discontinuing the dog food line, how will operating income be affected?

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