Lyons Company consists of two divisions: A and B. Lyons Company reported a contribution margin...
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Accounting
Lyons Company consists of two divisions: A and B. Lyons Company reported a contribution margin of $52,000 for Division A and had a contribution margin ratio of 30% in Division B, when sales in Division B were $170,000. Operating income for the company was $25,500 and traceable fixed expenses were $42,000 What were Lyons Company's common fixed expenses?
$40,000
$35,500
$70,000
$85,000
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