The income statement for Lovely Locks is divided by its two product lines, Curling Irons and Straighteners, as follows: Curling Irons Straighteners TotalSales revenue $650,000 $260,000 $910,000Variable expenses $490,000 $210,000 $700,000Contribution margin $160,000 $50,000 $210,000Fixed expenses $90,000 $90,000 $180,000Operating income (loss) $70,000 -$40,000 $30,000 If Lovely Locks can eliminate fixed costs of $33,000 and increase the sale of Curling Irons by 6500 units at a selling price of $33 per unit and a contribution margin of $11 per unit, then discontinuing the Straighteners should result in which of the following? Decrease in total operating income of $54,500
Increase in total operating income of $84,500
Decrease in total operating income of $84,500
Increase in total operating income of $54,500