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Members of the board of directors of Security System have received the following operating income data for the year ended May 31, 2024: (Click the icon to view the operating income data.) Members of the board are surprised that the industrial systems product line is not profitable. They commission a study to determine whether the company should drop the line. Company accountants estimate that dropping industrial systems will decrease fixed cost of goods sold by $80,000 and decrease fixed selling and administrative expenses by $11,000. Read the requirements X Data table For the Year Ended May 31, 2024 Totals With Totals Without Change if Industrial Product Line Industrial Systems Industrial Systems Systems Is Dropped Industrial Household Net Sales Revenue 680000 370000 310000 Systems Systems Total Variable Costs: Net Sales Revenue S 310,000 $ 370,000 $ 680,000 Manufacturing 89000 49000 40000 Cost of Goods Sold: 144000 255000 40000 Selling and Administrative Variable 40,000 49,000 89.000 (233000) Total Variable Costs (80000) (304000) 230,000 Fixed 296,000 66,000 Contribution Margin 447000 66000 230000 Total Cost of Goods Sold 270,000 115,000 385.000 Fixed Costs: Gross Profit 40,000 255,000 295.000 Manufacturing 296000 255000 41000 Selling and Administrative Expenses: : Selling and Administrative Variable 69,000 75,000 144,000 41.000 Fixed 25,000 66.000 Total Fixed Costs 100,000 110.000 210.000 Operating Income (Loss) Total Seling and Administrative Expenses S Operating Income (Loss) (70,000) $ 155,000 $ 35,000 Help me solve this Etext pages Get more help wer Print Done