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Carroll Corporation has two products, Q and P. During June, the company's net operating income was $19,500, and the common fixed expenses were $43,000. The contribution margin ratio for Product Q was 40%, its sales were $128,000, and its segment margin was $35,000. If the contribution margin for Product P was $33,000, the segment margin for Product P was:
Carroll Corporation has two products, Q and P. During June, the company's net operating income was $19,500, and the common fixed expenses were $43,000. The contribution margin ratio for Product Q was 40%, its sales were $128,000, and its segment margin was $35,000. If the contribution margin for Product P was $33,000, the segment margin for Product P was:
Answer:Segment margin of product P-$27,500.00Explanation:The total company's segment margin is net income plus common fixed expenses.Total segment margin=$19,500+$43,000=$62,500.00Total segment margin can be determined as the segment margin of products Q and PSegment margin of product Q is $35,000segment margin of product P=$62,500-$35,000=$ 27,500.00Hence ,the segment margin of product P is $ 27,500.00...
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