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Exceptional Events provides event management services. The company has three employees, each assigned to specific customers. The company considers each employee's territory as a business
Exceptional Events provides event management services. The company has three employees, each assigned to specific customers. The company considers each employee's territory as a business segment. The following data relate to its three segments for month of June: Maribel. Jessica. Timothy Sales revenue. $7,000. $10,700. $12,350 Variable costs. $5700. $7,000. $11,500 The business segments had the following number of customers: Maribel, 25; Jessica, 29; and Timothy, 35. The total fixed costs for the month amount to $3,500. What is the operating income of Exceptional Events for the month of June? Answer: $2,350 ***Please show your work for the answer and explanation
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