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I only need help with 9. please and thank you. Ieso Company has two stores: J and K. During November, leso Company reported operating income
I only need help with 9. please and thank you. Ieso Company has two stores: J and K. During November, leso Company reported operating income of $30,000 and sales of $450,000. The contribution margin in Store I was $100,000, or 40% of sales. The segment margin in Store K was $30,000, or 15% of sales. Traceable fixed expenses were $60,000 in Store J, and $40,000 in Store K. 7. What were the total variable expenses in Store K? A. $70,000. B. $110,000 C. $130,000 D. $200,000 8. What were leso Company's total fixed expenses for the year? A. $40,000 B. $100,000 C. $140,000 D. $170,000 9. What was the segment margin ratio in Store J? A. 16%. B. 24% C. 40% D. 60%
I only need help with 9. please and thank you.
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