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What were johnson company common fixed costs for last year

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Reference no: EM132590854

Question 1: Johnson Company operates two plants: Plant A and Plant B. Johnson Company reported for the year just ended a contribution margin of $50,000 for Plant A. Plant B had sales of $200,000 and a contribution margin ratio of 30%. Net operating income for the company was $20,000 and traceable fixed costs for the two plants totalled $50,000. What were Johnson Company's common fixed costs for last year?

Multiple Choice

Option 1: $40,000.

Option 2: $50,000.

Option 3: $70,000.

Option 4: $90,000.

Reference no: EM132590854

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