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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