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Franklin, Incorporated, has two divisions, Seward and Charles. The following is the contribution margin income...

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Accounting

Franklin, Incorporated, has two divisions, Seward and Charles. The following is the contribution margin income statement for the previous year:

Seward Charles
Sales revenue $ 723,000 $ 723,000
Variable costs 470,450 614,550
Contribution margin $ 252,550 $ 108,450
Fixed costs 122,500 122,500
Net operating income (loss) $ 130,050 $ (14,050)

Of the total fixed costs, $240,000 are common fixed costs that are allocated equally between the divisions. What is Seward Division's segment margin?

Multiple Choice

$130,050

$250,050

$252,550

$723,000

Answer & Explanation Solved by verified expert
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