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evablogger [386]
3 years ago
7

Koen Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $43,100

for Division A. Division B had a contribution margin ratio of 35% and its sales were $285,000. Net operating income for the company was $31,600 and traceable fixed expenses were $55,200. Koen Corporation's common fixed expenses were:
$56,050
$55,200
$111,250
$142,850
Business
1 answer:
Mandarinka [93]3 years ago
3 0

Answer:

The correct answer is $56,050.

Explanation:

According to the scenario, the given data are as follows:

We can calculate the common fixed expense by using following formula:

Net operating income  = (Contribution Margin Division A + Contribution margin Division B - Fixed expense) - common fixed expense

By putting the value, we get

$31,600  = ($43,100 + ( $285,000 × 35%) - $55,200) - common fixed expenses

So, common fixed expenses = $56,050

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Which of the following serves as the justification for the periodic recording of depreciation expense? a. Association of efforts
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"B"

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Answer:

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Explanation:

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Answer:

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Explanation:

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