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Current Attempt in Progress Ivanhoe Accounting LLP has the following financial information for its two primary business lines for the current year: Auditing Consulting Total Service Revenues $1,950,000 $2.360,000 $4,310,000 Variable Costs 1,283,000 923.000 2.206.000 Contribution Margin 667,000 1,437,000 2.104,000 Fixed Costs 718,500 410.400 1,128,900 Operating Profit (Loss) ($51,500) $1,026,600 $975.100 Ivanhoe is considering dropping the Auditing business line since it has been reporting operating losses for the past 3 years. If it eliminates Auditing, half of the fixed costs cannot be avoided since they are allocated fixed costs of the entire firm. Should Ivanhoe drop the Auditing business line? Operating income would decrease by $ The Auditing business line should be dropped. increate decrease Save for Later Attempts: 0 of 1 used Submit