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Carroll Corporation has two products, Q and P. During June, the company's net operating income was $20,500, and the common fixed expenses were $45,000. The contribution margin ratio for Product Q was 40 %, its sales were $130,000, and its segment margin was $37,000. If the contribution margin for Product P was $35,000, the segment margin for Product P was: Multiple Choice $65,500 $37,000 $8,000 $28,500

Carroll Corporation has two products, Q and P. During June, the company's net operating income was $20,500, and the common fixed expenses were $45,000. The contribution margin ratio for Product Q was 40 %, its sales were $130,000, and its segment margin was $37,000. If the contribution margin for Product P was $35,000, the segment margin for Product P was: Multiple Choice $65,500 $37,000 $8,000 $28,500

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Carroll Corporation has two products, Q and P. During June, the company's net operating income was $20, 500, and the common fixed expenses were $45,000. The contribution margin ratio for Product Q was 40 %, its sales were $130,000, and its segment margin was $37,000. If the contribution margin for Product P was $35, 000, the segment margin for Product P was: Multiple Choice $65,500 $37,000 $8,000 $28,500
Transcribed Image Text:Carroll Corporation has two products, Q and P. During June, the company's net operating income was $20, 500, and the common fixed expenses were $45,000. The contribution margin ratio for Product Q was 40 %, its sales were $130,000, and its segment margin was $37,000. If the contribution margin for Product P was $35, 000, the segment margin for Product P was: Multiple Choice $65,500 $37,000 $8,000 $28,500
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