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ABC Company has two sales areas: North and South. During last year, the contribution margin in the North was $40,000, or 20% of sales. The

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ABC Company has two sales areas: North and South. During last year, the contribution margin in the North was $40,000, or 20% of sales. The segment margin in the South was $10,000, or 8% of sales. Traceable fixed costs were $15,000 in the North and $12,000 in the South. During last year, the company reported total operating income of $25,000. What were the total fixed costs (traceable and common) for ABC Company for the year? (2 marks) $ What were the variable costs for the North area for the year? (2 marks) LA $

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