Data table Sheila Fashions Income Statement For the Quarter Ended September 30, 2024 Department Men's Women's Accessories Total Net Sales Revenue S 108,000 $ 53,000 $ 100,000 $ 261,000 Variable Costs 61,000 30,000 85,000 176,000 Contribution Margin 47,000 23,000 15,000 85,000 Fixed Costs 28,000 22,000 20,000 70,000 Operating Income (Loss) 19,000 $ 1,000 $ (5,000) $ 15,000More info Assume that the fixed costs assigned to each department include only direct fixed costs of the department: Salary of the department's manager Cost of advertising directly related to that departmentBegin by completing the following analysis to determine the increase or decrease in operating income from dropping the Accessories Department, the only Department showing an operating loss this quarter. (Enter decreases to profits with a parentheses or minus sign.) Sheila Fashions Analysis of Dropping the Accessories Department Expected decrease in revenues Expected decrease in costs: Expected decrease in variable costs Expected decrease in fixed costs Expected decrease in total costs in operating income Under these circumstances, should Sheila Fashions drop any of the departments? Give your reasoning. Decision: Sheila Fashions becauseSheila Fashions operates three departments Men's. Women's. and Accessories. Departmental operating income data for the third quarter of 2024 are as follows: @ (Click the icon to View the data.) 0 (Click the icon to View additional information } It Sheila Fashions drops a department it will not incur these fixed costs. Under these circumstances, should Sheila Fashions drop any of the departments? Give your reasoning