Ghandour Company manufactures three products of chocolate. One of the products has a net loss of $23,000 from sales of $150,000, variable costs of $115,000, and fixed costs of $58,000. The company is considering the option of eliminating this product and save the loss of $23,000. If it is eliminated, $34,000 of fixed costs will remain. .... 1)The contribution margin resulted in the eliminating option is * $0 $24,000 $34,000 None of the options ..... 2)The amount of avoidable fixed expenses under the elimination option is * $58,000 $34,000 $24,000 None of the options ..... 3)The net income or loss resulted in the eliminating option is * Loss $24,000 Loss $58,000 Income $34,000 None of the options .... 4)Do you recommend continuing with or eliminating the product? * Continue Eliminate ..... 5)Assume that the company had a total net income of $210,000 from its three products. What will be to the total net income of the company if this product is eliminated? * $176,000 $187,000 $195,000 None of the options