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The Sleepless Company sells three products. One of their products Ultra has shown the following revenue and cost data during the period. Sales....... Cost of

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The Sleepless Company sells three products. One of their products "Ultra" has shown the following revenue and cost data during the period. Sales....... Cost of goods sold...... Gross profit............. Operating expenses............... Net operating income (loss)... Product Ultra $80,000 75,000 5,000 35,000 $(30,000) tao Fixed costs included in the cost of goods sold and operating expenses were as follows: Ultra Cost of goods sold........... $ 20,000 Selling and administrative expenses 25,000 Total fixed expenses... $ 45,000 What would be the effect on the company's overall profit if Product "Ultra" was dropped? tao Select one: O a. Decrease by $15,000 O b. Increase by $10,000 O c. Increase by $15,000 O d. Decrease by $30,000

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