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Chavez Company has two product linesM and P. Line M had sales of $200,000 during October, a segment margin of 20%, and traceable fixed expenses
Chavez Company has two product linesM and P. Line M had sales of $200,000 during October, a segment margin of 20%, and traceable fixed expenses of $30,000. The company as a whole had a contribution margin ratio of 30% and $135,000 in total contribution margin. Based on this information, total variable expenses for product P must have been: A)$130,000. B)$155,000. C)$185,000. D)$315,000. show process
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