Johnson Company operates two plants, Plant A and Plant B. Johnson Company reproted for the...
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Johnson Company operates two plants, Plant A and Plant B. Johnson Company reproted 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 totaled $50,000. Johnson Company's common fixed costs for last year were:
a. $50,000
b. $70,000
c. $40,000
d. $90,000
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