Nantor Corporation has two divisions, Southern and Northern. The following information was taken from last year's...
Nantor Corporation has two divisions, Southern and Northern. The following information was taken from last year's income statement segmented by division:
| Total Company | Southern | Northern | |||||||
| Sales | $ | 5,800,000 | $ | 3,580,000 | $ | 2,220,000 | |||
| Contribution margin | $ | 2,550,000 | $ | 1,590,000 | $ | 960,000 | |||
| Divisional segment margin | $ | 1,390,000 | $ | 1,060,000 | $ | 330,000 | |||
Net operating income last year for Nantor Corporation was $580,000.
In last year's income statement segmented by division, what were Nantor's total common fixed expenses?
Homework Answers
Net operating income = Total segment margin - Common fixed expenses
$580,000 = $1,390,000 - Common fixed expenses
Common fixed expenses = $1,390,000 - $580,000
Common fixed expenses = $810,000
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Nantor Corporation has two divisions, Southern and Northern. The
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Nantor Corporation has two divisions, Southern and Northern. The following information was taken from last year's income statement segmented by division: Sales Contribution margin Divisional segment margin Total Company Southern Northern $4,500,000 $2,800,000 $1,900,000 $1,200,000 $ $1,000,000 $ 800,000 $ Net operating income last year for Nantor Corporation was $450,000 In last year's income statement segmented by division, what Multiple Choice O $550,000 O $900,000 Prey 3 of 10 Next >
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