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What would Sondi's profit margin be if Sobo were dropped?
Sondi, Inc has two divisions, Pickens and Sobo. Following is the income statement for the previous year.
Pickens Sobo Sales $600,000 $400,000 less: Variable costs $195,000 $250,000 = Contribution Margin $405,000 $150,000 less: Fixed Costs $175,000 $170,000 =Profit Margin $230,000 $-20,000 * Of the total fixed costs, $300,000 are common fixed costs that are allocated equally between the divisions. What would Sondi's profit margin be if Sobo were dropped? What is Picken's segment margin? |
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