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Canon Company has two sales areas: North and South. During last year, the contribution margin in the North Area was $50,000, or 20% of sales.

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Canon Company has two sales areas: North and South. During last year, the contribution margin in the North Area was $50,000, or 20% of sales. The segment margin in the South was $15,000, or 8% of sales Traceable fixed expenses are $15,000 in the North and $10,000 in the South. During last year, the company reported total net operating income of $26,000. What were the total fixed expenses for Canon Company for the year? What were the variable expenses for the South Area for the year

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