Clemmens Corporation Has Two Major Business Segments: Consumer and Commercial

question 132

Multiple Choice

Clemmens Corporation has two major business segments: Consumer and Commercial.Data for the segments and for the company for August appear below: In addition,common fixed expenses totaled $265,000 and were allocated as follows: $135,000 to the Consumer business segment and $130,000 to the Commercial business segment. The contribution margin of the Commercial business segment is:

• A)$17,000
• B)$152,000
• C)$476,000
• D)$265,000

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Definitions:

Total Number

The aggregate count of all units or elements in a set or group.

Qualitative Variable

A variable that describes or categorizes an attribute or quality of an element, often represented as names or labels and not quantifiable.

Numerically

Pertaining to numbers, or expressed in numbers, often relating to numerical data or mathematical calculations.

Bivariate Data Set

A type of data that involves two variables and is used to find relationships or patterns between them.