M Company has two sales areas: North and South. During April, the contribution margin in the North was P90,000, or 30% of sales. The segment margin in the South was P25,000, or 10% of sales. Traceable fixed expenses were P30,000 in the North and P15,000 in the South. Total net operating income was P52,000. The variable costs for the South area were: A. P225,000 B. P180,000 C. P120,000 D. P210,000

M Company has two sales areas: North and South. During April, the contribution margin in the North was P90,000, or 30% of sales. The segment margin in the South was P25,000, or 10% of sales. Traceable fixed expenses were P30,000 in the North and P15,000 in the South. Total net operating income was P52,000. The variable costs for the South area were: A. P225,000 B. P180,000 C. P120,000 D. P210,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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