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7T-25 Franklin, Inc. has two divisions, Seward and Charles. Following is the income statement for the previous year: Sales Variable costs Contribution Margin Fixed costs
7T-25
Franklin, Inc. has two divisions, Seward and Charles. Following is the income statement for the previous year: Sales Variable costs Contribution Margin Fixed costs Profit Margin Seward Charles $600,000 $ 400,000 195,000 250,000 $ 405,000 $150,000 175,000 170,000 $ 230,000 $ (20,000) Of the total fixed costs, $300,000 are common fixed costs that are allocated equally between the divisions. What Seward's segment margin? Multiple Choice o $380,000 O $600,000 O $230,000 $405,000 OStep by Step Solution
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