1. The packaging department in a large manufacturing company would be classified as

1. Cost center

2. Profit center

3. Segment

4. Investment center

2. City Retail sells two products: Standard and Deluxe. The company had sales of $800,000 during the current year. The companys contribution margin ratio was 40% and total fixed costs totaled $300,000. Sales were $600,000 for Standard and $200,000 for Deluxe. Traceable fixed costs were $150,000 for Standard and $90,000 for Deluxe. Variable costs were $360,000 for Standard and $120,000 for Deluxe. What is the segment margin for the Standard product?

1. $80,000

2. $20,000

3. $90,000

4. $240,000

3. Which of the following is not an example of a lagging indicator?

1. Earnings per share

2. All of these answer choices are lagging indicators

3. Number of customer complaints

4. Grade point average