please explain

The following income statement has been prepared for the most recent period for the patio furniture segment of a furniture & home decor company. Segment Income Statement Patio Furniture Sales $950,000 Less: Variable expenses Variable manufacturing costs $332,500 Variable shipping costs 47,500 Commissions 76,000 456,000 Contribution margin 494,000 Less: Fixed expenses General factory overhead 55,000 Salary of line manager 97,500 Depreciation of equipment 77,500 Advertising 81,000 Factory rent 89,500 General admin. expenses 51,500 452,000 Operating income / (loss) 42,000 The company is deciding if it should keep or drop the patio furniture division based on the following facts:What is the net advantage or disadvantage of dropping this segment? (1 mark) Enter a disadvantage/loss as a negative number. Negative numbers should be entered with a negative sign, not brackets. Number Should the patio furniture segment be kept or dropped? (1 mark) 0 The patio furniture segment should be kept. O The patio furniture segment should be dropped. The company is deciding if it should keep or drop the patio furniture division based on the following facts: 0 General factory overhead would remain as a fixed expense if the patio furniture segment is dropped. 0 General administrative expenses would be reduced by 30% if the patio furniture segment is dropped. - lfthe company drops this segment. it will gain a contribution margin of $45,000 by manufacturing other products. 0 The company will continue to pay rent to manufacture other products. What is the contribution margin lost if the patio furniture segment is dropped? (1 mark) Number What are the total fixed expenses that can be avoided if the patio furniture segment is dropped? (4 marks) Number What is the contribution margin gained ifthe company drops the patio furniture segment? (1 mark) Number