Johnson Company operates two plants: Plant A and Plant B. For the year just ended, Johnson Company
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Question:
Johnson Company operates two plants: Plant A and Plant B.
For the year just ended, Johnson Company reported a contribution margin of $50,000 for Plant A.
Plant B had sales of $200,000 and a contribution margin ratio of 30%.
Net operating income for the company was $20,000 and traceable fixed costs for the two plants totaled $50,000.
Required:
Johnson Company\\\'s common fixed costs for last year were:
a) $50,000.
b) $70,000.
c) $40,000.
d) $90,000.
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-1259692406
18th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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