Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Chou Computer Services provides services to corporate and individual customers. During the month of June, the corporate business segment provided services to 500 customers and

image text in transcribed

Chou Computer Services provides services to corporate and individual customers. During the month of June, the corporate business segment provided services to 500 customers and earned $70,000 in revenue. The individual business segment provided services to 200 customers and earned $40,000 in revenue. The variable costs for the corporate and individual business segments amounted to $33,000 and $25,000, respectively. In addition, the fixed costs of the company amounted to $8,500. The contribution margin ratios of the corporate segment and individual segment are , respectively. (Round your answers two decimal places.) O A. 47.14% and 37.5% O B. 52.86% and 37.5% O c. 92.5% and 21.43% OD. 47.14% and 62.5%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Survey Of Accounting

Authors: Carl S. Warren

2nd Edition

0324183445, 978-0324183443

More Books

Students also viewed these Accounting questions

Question

Timeline for final evaluation

Answered: 1 week ago

Question

How will it be used?

Answered: 1 week ago