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Carroll Corporation has two products, Q and P. During June, the company's net operating income was $21,000, and the common fixed expenses were $46,000. The contribution margin ratio for Product Q was 40%, its sales were $131,000, and its segment margin was $38,000. If the contribution margin for Product P was $36,000, the segment margin for Product P was:

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Answer:

}$29,000= segment margin P

Explanation:

Giving the following information:

During June, the company's net operating income was $21,000, and the common fixed expenses were $46,000. The contribution margin ratio for Product Q was 40%, its sales were $131,000, and its segment margin was $38,000. If the contribution margin for Product P was $36,000

Net operating profit= (segment margin Q + segment margin P) - common fixed expenses

21,000= (38,000 + segment margin P) - 46,000

67,000= 38,000 + segment margin P

29,000= segment margin P