Frazer Corp sells several products. Information of average revenue and costs is as follows: Selling price per unit $34.00 Variable costs per unit: Direct material $7.00 Direct manufacturing labor $1.35 Manufacturing overhead $0.90 Selling costs $250 Annual fixed costs $130,000 If the company sells 18,000 units and decides to lower its selling price by 15.00%, the operating income is reduced by $91,800 $18,000 $130,000 $140,500