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Question 7 (4 points) Giant Company has three products, A, B, and C. The following information is available: Product A Product B Product C

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Question 7 (4 points) Giant Company has three products, A, B, and C. The following information is available: Product A Product B Product C Sales $70,000 $97,000 $23,000 Variable costs 37.000 51.000 15.000 Contribution 33,000 46,000 8,000 margin Fixed costs 17.000 32.000 11.400 Operating income $16.000 $14.000 $ (3.400) Giant Company is thinking of dropping Product C because it is reporting a loss. Assuming Giant drops Product C and does NOT replace it, operating income will

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