Question

Corbel Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $41,600 for Division A. Division B had a contribution margin ratio of 45% and its sales were $271,000. Net operating income for the company was $34,000 and traceable fixed expenses were $59,100. Corbel Corporation's common fixed expenses were:

Answer 1

Answer:

$5,000

Explanation:

common fixed expenses = Contribution Margin - Net Income - traceable fixed expenses

                                          = $41,600 + $121,950 - $34,000 - $59,100

                                          = $70,450

Corbel Corporation's common fixed expenses were, $70,450