MULTIPLE CHOICE. question Choose the one alternative that best completes the sta

Question

MULTIPLE CHOICE. question Choose the one alternative that best completes the statement or answers the Company has two stores: J and K. During November, leso Company reported operating income of $30,000 and sales of $450,000. The contribution margin in Store J was $100,0 margin in Store K was $30,000, or 15% of sales. Traceable fixed expenses were $60,000 in Store J, and S400 in Store K i) What were the total sales in Store J? A) S150,000. B) S400,000. C) $100,000. D) $250,000. i) What were the total variable expenses in Store K? A) $130,000. B) $70,000. C) S110,000. D) $200,000. ii) What were leso Company's total fixed expenses for the year? ) $40,000. B) S100,000. C)S170,000. D) $140,000. ) What was the segment margin ratio in Store J? )24%. B)60%. d) 40%. D)16%.

Explanation / Answer

answer

1 D ) 250000

total sales in store = 100000 / 0.4

= 250000

2 A ) 130000

variable expenses = ( 30000 / 0.15 ) - ( 30000 + 40000 )

= 130000

3 D ) 140000

leso total expenses = (60000+40000)+((100000-60000)+30000-30000)

= 140000

4 C ) 40%

segment margin ratio = 100000 / 250000

= 0.4

= 40%

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