Franklin, Inc. has two divisions, Seward and Charles. Following is the income statement for the previous...

 

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Franklin, Inc. has two divisions, Seward and Charles. Following is the income statement for the previous year: Sales Variable Costs Seward Charles $600,000 $400,000 195,000 250,000 Contribution Margin $405,000 Profit Margin 175,000 $230,000 170,000 $ (20,000) Fixed Costs $150,000 Of the total fixed costs, $300,000 are common fixed costs that are allocated equally between the divisions. How much did the Charles division incur in direct fixed costs? Franklin, Inc. has two divisions, Seward and Charles. Following is the income statement for the previous year: Sales Variable Costs Seward Charles $600,000 $400,000 195,000 250,000 Contribution Margin $405,000 Profit Margin 175,000 $230,000 170,000 $ (20,000) Fixed Costs $150,000 Of the total fixed costs, $300,000 are common fixed costs that are allocated equally between the divisions. How much did the Charles division incur in direct fixed costs?

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