Chavez Company Has Two Product Lines-M and P

question 39

Multiple Choice

Chavez Company has two product lines-M and P. Line M had sales of £200,000 during October, a segment margin of 20%, and traceable fixed expenses of £30,000. The company as a whole had a contribution margin ratio of 30% and £135,000 in total contribution margin. Based on this information, total variable expenses for product P must have been

• A)£130,000.
• B)£155,000.
• C)£185,000.
• D)£315,000.

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Definitions:

Memory

The cognitive function that allows an individual to store, retain, and recall information from past experiences.

Cognitive Functioning

Mental processes that include thinking, learning, memory, problem-solving, and decision-making.

Age

A measurement of the length of time that an individual has been alive, typically specified in years.

Diabetes

A long-term medical condition where blood sugar levels are elevated as a result of the body's failure to produce enough insulin or use it efficiently.