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What were the total fixed costs

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Question - Canon Company has two sales areas: North and South. During last year, the contribution margin in the North was $50,000, or 20% of sales. The segment margin in the South was $15,000, or 8% of sales. Traceable fixed costs were $15,000 in the North and $10,000 in the South. During last year, the company reported total operating income of $26,000. What were the total fixed costs (traceable and common) for Canon Company for the year?

Reference no: EM132075040

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