Nantor Corporation has two divisions, Southern and Northern. The following information was taken from last year's income statement segmented by division: Total Company Southern Northern Sales $ 5,400,000 $ 3,340,000 $ 2,060,000 Contribution margin $ 2,350,000 $ 1,470,000 $ 880,000 Divisional segment margin $ 1,270,000 $ 980,000 $ 290,000 Net operating income last year for Nantor Corporation was $540,000. In last year's income statement segmented by division, what were Nantor's total common fixed expenses? Multiple Choice $730,000 $1,810,000 $1,080,000 $2,000,000
Nantor Corporation has two divisions, Southern and Northern. The following information was taken from last year's income statement segmented by division: Total Company Southern Northern Sales $ 5,400,000 $ 3,340,000 $ 2,060,000 Contribution margin $ 2,350,000 $ 1,470,000 $ 880,000 Divisional segment margin $ 1,270,000 $ 980,000 $ 290,000 Net operating income last year for Nantor Corporation was $540,000. In last year's income statement segmented by division, what were Nantor's total common fixed expenses? Multiple Choice $730,000 $1,810,000 $1,080,000 $2,000,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Nantor Corporation has two divisions, Southern and Northern. The following information was taken from last year's income statement segmented by division:
| Total Company | Southern | Northern | |
|---|---|---|---|
| Sales | $ 5,400,000 | $ 3,340,000 | $ 2,060,000 |
| Contribution margin | $ 2,350,000 | $ 1,470,000 | $ 880,000 |
| Divisional segment margin | $ 1,270,000 | $ 980,000 | $ 290,000 |
Net operating income last year for Nantor Corporation was $540,000.
In last year's income statement segmented by division, what were Nantor's total common fixed expenses?
Multiple Choice
-
$730,000
-
$1,810,000
-
$1,080,000
-
$2,000,000
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