Answered step by step
Verified Expert Solution
Question
1 Approved Answer
SoPoor Company has two divisions, PoorPlus and TotallyPoor. During July, the contribution margin in PoorPlus was $ 80,000. The contribution margin ratio in TotallyPoor was
SoPoor Company has two divisions, PoorPlus and TotallyPoor. During July, the contribution margin in PoorPlus was $ 80,000. The contribution margin ratio in TotallyPoor was 40% and its sales were $ 250,000. If TotallyPoor's traceable fixed costs were $ 25,000, and operating income for the company was $ 65,000 and common fixed costs were $ 35,000, what is PoorPlus's segment margin?
75000
100000
25000
80000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started