Tubaugh Corporation Has Two Major Business Segments--East and West

question 233

Multiple Choice

Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of $690,000, variable expenses of $352,000, and traceable fixed expenses of $104,000. During the same month, the West business segment had sales revenues of $140,000, variable expenses of $56,000, and traceable fixed expenses of $24,000. The common fixed expenses totaled $162,000 and were allocated as follows: $89,000 to the East business segment and $73,000 to the West business segment.A properly constructed segmented income statement in a contribution format would show that the net operating income of the company as a whole is:

• A) $294,000
• B) $422,000
• C) $132,000
• D) $(30,000)

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Definitions:

pH

A scale used to specify the acidity or basicity of an aqueous solution, with values ranging from 0 (most acidic) to 14 (most basic), and 7 being neutral.

Predominant Form

The most stable or abundant form of a substance under specific conditions.

L-Methionine

An essential amino acid in humans used for the biosynthesis of proteins and important in the methylation of nucleic acids, proteins, and lipids.

Biological pH

The measure of acidity or alkalinity in biological systems, critical for various biochemical processes and often maintained within a narrow range.