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make this decision: Question Help Data Table ? Exp New York Flooring Product Line Contribution Margin income Statement For the Year Product lines Wood fiooring Laminate flooring compaty Toseal 122 000 84,000 431 000 233 Sales revenue Less: Variable expenses Contribution margin Less fixed expenses 154 000 $155 00Ds 38,000 193,000 to lami pare an 75.00D 50000 S30000S Manufacturing 9000 9,000 Marketing and administrative (2,000) s50 00os0200) (2000) Operating income (loss) rinn line (retailers want to buy Homework: Homework Chapter Score: 1.3 of 2 pts & EB-23A (similar to) Eigh 4 of 10 (4 complete) Top managers of New York Flooring are alarmed by their operating losses They are considering dropping the EE (Click the icon to view the anialysis.) Total fixed costs will not change if the company stops selling lartinate flooring Read the requirements uct line Company accountants have prepared the following analysis laminate flooring add $32,000 to operating i Requirement 1. Prepare an incremental analysis to show whether New York Flooring should disconinue the laminale product in this scenario) g product f ne. Wil disco Total 38,000 $38,000 Incremental Analysis for Discontinuation Decision Contribution margin lost if laminate fooring product line is dropped Less. Fixed cost savings if laminate flooring product line is dropped Operating income lost Decision: Do not drop laminate flooring product line. if laminate flooring is dropped It is incorrect to conclude that dropping laminate flooring would add $32,000 to operating income If the company discontinues the laminate flooring product ne wil ncur fixed expenses alloca Requirement 2. Assume that the company can avoid $33,000 of fized expenses by discontinuing the laminale ooring product lino (thesp costs are direct fixed costs of the laminate fobring product line). F nput box if there is no expected change as a result of discontinuing the laminate flooring in this scen Incremental Analysis for Discontinuation Decision Total Contribution margin lost if laminate flooring product line is droppedS Less Fixed cost savings if laminalte flooring product line is dropped 38,000 Operating ineumeot f aminate flooingis drappod.000 Decison Do nat drep the laminate feoring product ine because, assuming $33000 of f $5.000 Decision: Requirement 3. Now, assume that all of the fixed costs assignod to laminate flooring are direct fired costs ar Prepare an incremental analysis. (Enter a 70 n an input box fthare is no experc because, assuming $33,000 of fixed exponses attibutable to the larminate flooring praduct ine can be avoided, the loss of contribution margin wills avoided if the company stops selling laminate flooring. However. marketing has conclu attribut the same supplier), wood flooring production and sales would decline 10%, what should the as a rosult of discontinuing the laminate line in this scenano) f Incremental Analy sis for Discontinuation Decisio Total Laminate fooring contribution margin lost if laminate foonng product Wood flooring contribution margin keet it laminale flooring product line is droppec Less. Fixed cost savings if laminate flooring product line is dropped Operating income gained 8.000 500 if laminate fluoring is dropped