Author Question: City Retail sells two products: Standard and Deluxe. The company had sales of $800,000 during the ... (Read 62 times)

Bobvance · **on:** Feb 5, 2023

Question 1

Kimble Industries' production division reported a net operating loss of $500,000 in 2021. Included in that amount were common fixed corporate expenses of $720,000 that were allocated to divisions based on segment gross profit. The division's segment margin was
◦ $500,000.
◦ ($500,000).
◦ ($220,000).
◦ $220,000.

Question 2

City Retail sells two products: Standard and Deluxe. The company had sales of $800,000 during the current year. The company's contribution margin ratio was 40% and total fixed costs totaled $300,000. Sales were $600,000 for Standard and $200,000 for Deluxe. Traceable fixed costs were $150,000 for Standard and $90,000 for Deluxe. Variable costs were $360,000 for Standard and $120,000 for Deluxe. What is the segment margin for the Standard product?
◦ $20,000
◦ $80,000
◦ $240,000
◦ $90,000

nikspatel037 · **Reply #1 on:** Feb 5, 2023

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 35% of students answer this correctly