Davis, Managerial Accounting, 2e MANAGERIAL ACC (Acctg 2 CALCULATOR MESSAGE MY INSTRUCTOR STANDARD VIEW PRINTER VERSTON BACK NEX Exercise 8-18 Physical Phitness, Inc., operates three divisions, Weak, Average, and Strong. As it turns out, the Weak division has the lowest operating income, and the president wants to close it. "Survival of the fittest, I say!" was hls response when the Weak dlvlslon's manager Inslsted that hls divislon earned money for the company. Following Is the most recent financlal analysls for each divislon: WeakAverage Strong Sales Variable expenses $126,000 $345,800 $527,500 56,600 197,900 306,600 Contribution margin 69,400 147,900 220,900 30,300 53,500 Direct expenses Allocated expenses Operating income 78,200 114,100 53,50053,500 4-02 Prepare a revised income statement showing the segment margin for each division Weak Average Strong Total LINK TO TEX By how much would total income change if the Weak division were dropped? Total Income wlll by $ LINK TO TEXT