PLEASE HELP! How do managers decide which products to produce and sell? By dropping the Blue Product, it is expected that revenues will decrease by S30,000. They also determined by dropping the Blue Product that variable costs would decrease by $10,000 Because they would be able to get out the building lease, fixed costs would decrease by $12,000. Should the company drop the Blue Product? If the Blue Product is dropped, net income would go up or down by how much (show your work)? a) Expected decrease in revenue Expected decrease in total variable costs Expected decrease in fixed costs Expected decrease in total costs Expected increase or decrease in operating income b) For ABC Company, machine hours is a constant resource in manufacturing their two chair lines Fill in the following table. Which chair gives the highest contribution margin per machine hour take all calculations to two decimal places)? Executive Premium chair chair 12 Machine hours to produce one chair Chairs produced per hour Contribution margin per chair Contribution margin per machine hour 150.00 180.00