Answer:
Instructions are listed below.
Explanation:
Giving the following information:
J and K. During November, Ieso Corporation reported a net operating income of $30,000 and sales of $450,000. The contribution margin in Store J was $100,000, or 40% of sales. The segment margin in Store K was $30,000, or 15% of sales. Traceable fixed expenses are $60,000 in Store J, and $40,000 in Store K.
Store J:
Sales= 250,000
Variable costs= (150,000)
Contribution margin= 100,000
Fixed costs= (60,000)
Segmented margin= 40,000
Store K:
Sales= (30,000/0.15)= 200,000
Variable costs= (200,000 - 70,000)= (130,000)
Contribution margin= (30,000 + 40,000)= 70,000
Fixed costs= (40,000)
Segmented margin= 30,000
Total margin= 40,000 + 30,000= 70,000
Unavoidable fixed costs= (40,000)
Net operating income= 30,000
Total variable costs= 280,000
Total fixed costs= 140,000
