Cullumber, Inc. operates three divisions, Weak, Average, and Strong As it turns out, the Weak division has the lowest operating income, and the president wants to close it. "Survival of the fittest, I say!" was his response when the Weak division's manager, insisted Gary, that his division earned money for the company. Following is the most recent financial analysis for each division: Weak Average Strong Sales revenue $125,700 $457,000 $549.600 Variable expenses 59 000 247.400 304.800 Contribution margin 66.700 209,600 244.800 Direct expenses 30.500 73,500 117.200 Allocated expenses 71,800 71,800 71.800 Operating Income $(35.600) $64.300 $55.800 (a) Prepare a revised Income statement showing the segment margin for each division. Weak Average eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer(b] By how much would total income change if the Weak division were dropped? Total income will # by $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (c) Based on the way allocated expenses are divided among the divisions, what do you think will happen to the Average division if the company continues to prepare financial statements in this way, assuming Weak was dropped? If Weak is dropped, then Average will report allocated expenses of $ resulting in a eTextbook and Media Save for Later Attempts: 0 of 3 used Submit