Kimble Industries' Production Division Reported a Net Operating Loss of $500,000

question 53

Multiple Choice

Kimble Industries' production division reported a net operating loss of $500,000 in 2021.Included in that amount were common fixed corporate expenses of $720,000 that were allocated to divisions based on segment gross profit.The division's segment margin was

• A)$220,000.
• B)$500,000.
• C)($220,000).
• D)($500,000).

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