Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A company sells two products: Standard and Deluxe. The company had sales of $800,000 during the current year. The companys contribution margin ratio was 40%
A company 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 Deluxe product? a. $(10,000) b. $10000 c. $20000 d. $80000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started