Company Als considering dropping product line 1. Product line 1 has normal monthly revenues and expenses of. Revenues $60,000 Variable Production Costs $30,000 Variable Selling Costs $10.000 Contribution Margin $20,000 Fixed Production Costs $15,000 Fixed Selling Costs $10.000 Operating Income (5,000) Dropping Product Line 1 is not expected to impact the sales of other products. If they drop Product line 1, then Company A expects to save 1/3 of their Fixed Production Costs and 12 of their Fixed Selling Costs. How much is the income impact of dropping Product Line 1? Multiple Choice 55000 in favor of dropping Product Line 1 $10,000 in favor of dropping Product Lines Dropping Product Line 1 is not expected to impact the sales of other products. If they drop Product line 1, then Company A expects to save 13 of their Fixed Production Costs and 12 of their Fixed Selling Costs. How much is the income impact of dropping Product Line 1? Multiple Choice $5000 in favor of dropping Product Line 1 $10.000 in favor of dropping Product Line 1 $5000 in favor of keeping Product Line 1 $10,000 in favor of keeping Product Line 1