Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Check my work 10 Rock Inc. has three divisions, Granite, Lime and Nina. All fixed costs are unavoidable Following is the income statement for the
Check my work 10 Rock Inc. has three divisions, Granite, Lime and Nina. All fixed costs are unavoidable Following is the income statement for the previous year: 0.9 Granite Lime Nina Total points Sales $ 500, 000 $ 275,000 $ 225, 000 $1,000,000 Variable Costs 175, 000 125, 000 100, 000 400, 000 Contribution Margin 325, 000 150, 000 125, 000 600,000 01:39:10 Fixed Costs (allocated) 275, 000 151, 250 123, 750 550,000 Profit Margin $ 50,000 $ (1, 250) $ 1, 250 $ 50, 000 eBook Print a. What would Rock's profit margin be if the Lime division were dropped? References Lossb. What would Rock's profit margin be if the Nina division were dropped
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