Ieso Company Has Two Stores: J and K

question 14

Multiple Choice

Ieso Company has two stores: J and K. During November, Ieso Company reported operating income of $30,000 and sales of $450,000. The contribution margin in Store J was $100,000, or 40% of sales. The segment margin in Store K was $30,000, or 15% of sales. Traceable fixed expenses were $60,000 in Store J, and $40,000 in Store K.
-What were the total sales in Store J?

• A) $100,000.
• B) $150,000.
• C) $250,000.
• D) $400,000.

---

Definitions:

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, indicating how spread out the values are around the mean.

Automobile Factory

A facility dedicated to the production of vehicles, including assembling of parts, painting, and quality control.

Population Means

The average value of a set of characteristics within a population, used often in statistical analysis to infer properties about the population.

Automobile Factory

A large industrial site where automobiles are manufactured through a series of assembly and inspection processes.