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Question 1: Soar Incorporated is considering eliminating its mountain bike division, which reported an operating loss for the recent year of $1,000. The division sales for the year were $1,048,000 and the variable costs were $858,000. The fixed costs of the division were $191,000. If the mountain bike division is dropped, 30% of the fixed costs allocated to that division could be eliminated. The impact on operating income for eliminating this business segment would be:
Multiple Choice
Option 1: $57,300 decrease
Option 2: $132,700 decrease
Option 3: $56,300 decrease
Option 4: $190,000 increase
Option 5: $190,000 decrease
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