QUESTION 31 Cheese Inc. has two divisions, Colby and Jack. Following is the income statement for the past month. What would Market's profit margin be if the Colby division was dropped and all fixed costs are unavoidable? Colby Jack Total Sales $ 280,000 $ 168,000 $ 448,000 Variable Costs 168,000 67,000 235,000 Contribution Margin 112.000 101,000 213,000 Fixed Costs (allocated) 112,500 67,500 180,000 Profit Margin $ (500) $ 33,500 $ 33,000 a. $500 loss Ob. 579,000 loss OC $33,500 profit O d. $213,000 profit Click Save and Submit to save and submit. Click Save All Answers to save all answers