Test 3 (Modules 7,8) i Saved 27 Galaxy Industries manufactures 15,000 components per year. The manufacturing cost of the components was determined to be as follows: Direct materials $150,000 Direct labor 240,000 Variable manufacturing overhead 90,000 Total $480,000 4 points 01:14:09 Assume all costs are variable and will go away if the product is not made. An outside supplier has offered to sell the component to Galaxy for $34. If Galaxy Industries purchases the component from the outside supplier, the effect on income because of this change would be a Multiple Choice O $30,000 decrease O $30,000 Increase O $90,000 decrease