Required information Bingham Company manufactures and sells Product J. Results for last year for the manufacture and sale of Product are as follows: Sales (10,000 units at $200 each) Less Costs: Variable Production Costs Sales Commissions 15% of Sales Salaries of Line Supervisors Traceable Fixed Factory Overhead (Allocated to product on the Basis of Square Meters Occupied Total Cost Operating income (103 $2.000.000 960.000 $300.000 $300.000 $180,000 3170000 $1.910.000 590.000 Gingham Company anticipates no change in the operating result for Product in the foreseeable future the product is produced Bingham is re-examining all of its products and is trying to decide whether or not to discontinue the manufacture and sale of Product . The company's total fed factory overhead cost would not be affected by this decision Assume that discontinuing Product I would result in a $30.000 increase in the contribution margin of other product inesBingham choose to discontinue Products what will be the change in operating income next year due to this action? Multiple Choice 5230.000 de $145.00 Total Cost Operating income (LOSS) 51.910000 $90,000 Bingham Company anticipates no change in the operating result for Product in the foreseeable future if the product is produced. Bingham is re-examining all of its products and is trying to decide whether or not to discontinue the manufacture and sale of Product. The company's total fixed factory overhead cost would not be affected by this decision Assume that discontinuing Product would result in a $30,000 increase in the contribution margin of other product lines. If Bingham chooses to discontinue Product 3, what will be the change in operating income next year due to this action? Multiple Choice $230 000 decrease $145.000 increase $145.000 decrease $120.000 increase 3 Bingham Company anticipates no change in the operating result for Product in the foresture the products produced Bingham is reexamining all of its products and is trying to decide whether or not to discontinue the manufacture and sale of Product The company's total feed factory overhead cost would not be affected by this decision Part 3 Assume that discontinuing Product would result in a $100.000 increase in the contribution margin of other producties. How many units of Product I would have to be sold next year for the company to be as well off as I just dropped Product and enjoyed the increase in contribution margin from other products? (Round your final answers to nearest whole number 1 9 ON Choc 15 500 5.35 2500