Carroll Corporation Has Two Products, Q and P

question 300

Multiple Choice

Carroll Corporation has two products, Q and P. During June, the company's net operating income was $24,500, and the common fixed expenses were $53,000. The contribution margin ratio for Product Q was 40%, its sales were $138,000, and its segment margin was $45,000. If the contribution margin for Product P was $43,000, the segment margin for Product P was:

• A) $32,500
• B) $45,000
• C) $8,000
• D) $77,500