7 Impact of dropping a product line LO3 Summer Lid sells three outdoor chairs (unfinished, stained and painted) that use common facilities. The relevant data concerning these three products follow. Unfinished Stained Painted Total Sales $ 20 00D $ 60 0DO $ 80 0OD $160 000 Variable costs 10 000 40 0DO 50 00D 100 000 Contribution $10 000 $ 20 0DO $ 3DOOD $ 60 000 margin Fixed costs 10 000 30 0DO 60 00D 100 000 Operating loss S(10 000) $ 30 000) $140 000 REQUIRED If $30000 of the fixed costs allocated to the painted chairs are avoidable and the company drops painted chairs from its product line, what will be the impact on profit