Question 37

Reference: 11-01

Ieso Company has two stores: J and K. During November, Ieso Company reported operating income of $30,000 and sales of $450,000. The contribution margin in Store J was $100,000, or 40% of sales. The segment margin in Store K was $30,000, or 15% of sales. Traceable fixed expenses were $60,000 in Store J, and $40,000 in Store K.

What were Ieso Company's total fixed expenses for the year?

Question 37 options:

A)

$40,000.

B)

$140,000.

C)

$170,000.

D)

$100,000.