What were ieso company total fixed expenses for the year

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Reference no: EM132608263

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.

Problem 1: What were Ieso Company's total fixed expenses for the year?

A) $40,000.

B) $140,000.

C) $170,000.

D) $100,000.

Reference no: EM132608263

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