Homework: Chapter 8 - Homework Score: 0 of 2 pts XE8-26A (similar to) Suppose Grainy Day is considering discontinuing its oatsie ohs product line. Assume that during the past year, the oatsie ohs' proc Click the icon to view the income statement data.) Click the icon for additional information.) If the company decides to discontinue the product line, what will happen to the company's operating income? Should Grainy Day d Begin by preparing a contribution margin income statement for the catsie ohs' product line. (Use a minus sign or parentheses to en Sales revenue 7450000 4980000 Less: Variable expenses Contribution margin Less: Fixed expenses 2470000 3070000 i Data Table Operating income (loss) 600000 $ 1 Sales revenue 2 Less: Cost of goods sold 3 Gross profit 4 Less: Operating expenses 5 Operating income (loss) $ 6 Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 2 parts javascript do Exercise(9) Type here to search 8 of 11 (10 completa) HW Score: 6747% Que tinuing its casie os product line. Assume that during the past year, the product line income we showed the following ement data) Click the icon for additional information) product line what will happen to the company's operating income? Should Granny Day discontinue the che productine? come statement for the oatie o product line. (Use a minus sign or parentheses to enter a los 7450000 4980000 2470000 Data Table 3070000 More info 000000 B 5.250,000 1 Sales revenue $ Food manufacturing overhead costs account for con of the cost of goods, while only 30% of the operating expenses are flued. Since the sechs line is just on of the company's cereal operations, only $75,000 of direct food costs the majority of which is advertising will be noted the product linis discontinued. The remainder of the feed costs will still be incurred by the company 6,450,000 2 Less: Cost of goods sold 3 Gross profit 4 Less: Operating expenses 5 Operating income (loss) (1.200,000) 1.650.000 $ 2,850,000 Print Done Print Done