Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 13 3 pts Chou Computer Services provides services to corporate and individual customers. During the month of June, the corporate business segment provided services

image text in transcribed
Question 13 3 pts Chou Computer Services provides services to corporate and individual customers. During the month of June, the corporate business segment provided services to 300 customers and earned $60,000 in revenue. The individual business segment provided services to 400 customers and earned $35,000 in revenue. The variable costs for the corporate and individual business segments amounted to $32,500 and $25,300, respectively. In addition, the fixed costs of the company amounted to $8000. The contribution margin ratios of the corporate segment and individual segment are respectively. (Round your answers two decimal places.) 54.17% and 72.29% 45.83% and 27.71% 78.57% and 16.17% 54.17% and 27.71%

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

Using Financial Accounting Information The Alternative to Debits and Credits

Authors: Gary A. Porter, Curtis L. Norton

7th Edition

978-0-538-4527, 0-538-45274-9, 978-1133161646

More Books

Students also viewed these Accounting questions

Question

Is conflict in a team good or bad? Explain your answer.

Answered: 1 week ago