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Frank’s Company has two stores: Urban and Rural. During November, Frank’s Company reported operating income of $1,250 and sales of $475,000. The contribution margin in The Urban store was $96,250, or 35% of sales. The segment margin inthe Rural store was $20,000, or 10% of sales. Traceable fixed expenses were $60,000 in the Urban store and $40,000 in the Rural store.   What was the segment margin ratio in Urban Store? Multiple Choice   13.18%   35.0%   26.5%   15.75%

Frank’s Company has two stores: Urban and Rural. During November, Frank’s Company reported operating income of $1,250 and sales of $475,000. The contribution margin in The Urban store was $96,250, or 35% of sales. The segment margin inthe Rural store was $20,000, or 10% of sales. Traceable fixed expenses were $60,000 in the Urban store and $40,000 in the Rural store.   What was the segment margin ratio in Urban Store? Multiple Choice   13.18%   35.0%   26.5%   15.75%

FINANCIAL ACCOUNTING
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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Frank’s Company has two stores: Urban and Rural. During November, Frank’s Company reported operating income of $1,250 and sales of $475,000. The contribution margin in The Urban store was $96,250, or 35% of sales. The segment margin inthe Rural store was $20,000, or 10% of sales. Traceable fixed expenses were $60,000 in the Urban store and $40,000 in the Rural store.

 

What was the segment margin ratio in Urban Store?

Multiple Choice
  •  
    13.18%
  •  
    35.0%
  •  
    26.5%
  •  
    15.75%
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