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Author Question: City Retail sells two products: Standard and Deluxe. The company had sales of $800,000 during the ... (Read 68 times)

Bobvance

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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
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by Bobvance on Feb 5, 2023

nikspatel037

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Reply #1 on: Feb 5, 2023
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Bobvance

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Reply 2 on: Feb 5, 2023
Wow, this really help

ktidd

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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