Carroll Corporation Has Two Products, Q and P

question 350

Multiple Choice

Carroll Corporation has two products, Q and P. During June, the company's net operating income was $25,000, and the common fixed expenses were $37,000. The contribution margin ratio for Product Q was 30%, its sales were $200,000, and its segment margin was $21,000. If the contribution margin for Product P was $80,000, the segment margin for Product P was:

• A) $62,000
• B) $59,000
• C) $37,000
• D) $41,000

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Definitions:

Managerial Strategy

The selection and implementation of specific goals, paths, and actions by managers to fulfill the mission and objectives of an organization.

Human Relations Strategy

A management approach focusing on improving employee satisfaction, communication, and interpersonal relationships to enhance productivity.

Classical Framework

A theory or model in management and economics that emphasizes rationality, efficiency, and the pursuit of profit within traditional organizational structures.

Worker Mobility

The ease with which workers can move between jobs, locations, or careers, often influenced by factors such as skill levels and labor market conditions.