Knowledge Check or Max, Incorporated, has two divisions, South Division and North Division. South Division's sales, contribution margin ratio, and traceable fixed expenses are $500,000,60%, and $100,000, respectively. What is the segment margin for the South Division? $100,000 $200,000 $300,000 $400,000 Knowledge Check 02 Bovine Corporation has two divisions: televisions and mobile phones. The mobile phone division has a contribution margin of $600,000. The company's common fixed costs and total traceable fixed costs are $100,000 and $500,000 respectively. Assuming the traceable fixed costs of the television division are $300,000, what is the segment margin of the mobile phone division? $100,000 $200,000 $300,000 $400,000