Cathy Company has two divisions, L and M. During July, Division L had sales of $80,000, a contribution margin ratio of 30%, and a segment margin of $10,000. The company as-a-whole had sales of $200,000, a contribution margin ratio of 40%, and a segment margin for the two divisions totaling $30,000. If operating income for the company was $15,000 for the month, the traceable fixed costs in Division M must have been: $56,000 O $36,000 $15,000 $20,000 O $50,000

Cathy Company has two divisions, L and M. During July, Division L had sales of $80,000, a contribution margin ratio of 30%, and a segment margin of $10,000. The company as-a-whole had sales of $200,000, a contribution margin ratio of 40%, and a segment margin for the two divisions totaling $30,000. If operating income for the company was $15,000 for the month, the traceable fixed costs in Division M must have been: $56,000 O $36,000 $15,000 $20,000 O $50,000

Name: Cathy Company has two divisions, L and M. During July, Division L had
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Description: Cathy Company has two divisions, L and M. During July, Division L had sales of $80,000, acontribution margin ratio of 30%, and a segment margin of $10,000. The company as-a-whole hadsales of $200,000, a contribution margin ratio of 40%, and a segmen

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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