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More company has two divisions, L and M. During July, the contribution margin in Division L was $60,000. The contribution margin ratio in Division M
More company has two divisions, L and M. During July, the contribution margin in Division L was $60,000. The contribution margin ratio in Division M was 40% and its sales were $250,000. Division Ms segment margin was $60,000. The common fixed expenses were $50,000 and the company operating income was $20,000. The segment margin for Division L was:
A. 0
B. 10,000
C. 50,000
D. 60,000
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