Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

what would market profit margin be if the Talbot division was dropped and all fix costs are unavoidable TB MC Qu. 7-73 (Algo) Market Inc.

what would market profit margin be if the Talbot division was dropped and all fix costs are unavoidable
image text in transcribed
TB MC Qu. 7-73 (Algo) Market Inc. has two divisions, Talbot... Market Inc. has two divisions, Talbot and Heather. Following is the income statement for the past month: Sales Variable costs Contribution Margin Fixed Costs (allocated) Profit Margin Talbot Heather Total $303,000 $202,000 $505,000 206,600 40,400 247,000 96,400 161,600 258,000 103,740 69,160 172,900 $ (7,340) $ 92,440 $ 85,100 What would Market's profit margin be if the Talbot division was dropped and all fixed costs are unavoidable? Multiple Choice $7,340 loss 1 Ace

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

Intermediate Accounting

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

10th Edition

324300980, 978-0324300987

More Books

Students also viewed these Accounting questions