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Question 37 Reference: 11-01 Ieso Company has two stores: J and K. During November, Ieso Company reported operating income of $30,000 and sales of $450,000.
Question 37
Reference: 11-01
Ieso Company has two stores: J and K. During November, Ieso Company reported operating income of $30,000 and sales of $450,000. The contribution margin in Store J 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.
What were Ieso Company's total fixed expenses for the year?
Question 37 options:
A)
$40,000.
B)
$140,000.
C)
$170,000.
D)
$100,000.
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