Franklin,Inc.has two divisions,Seward and Charles.Following is the income statement for the previous year: Of the total fixed costs,$300,000 are common fixed costs that are allocated equally between the divisions.How much did the Charles division incur in direct fixed costs?
A)$20,000
B)$150,000
C)$170,000
D)$300,000

Question

Franklin,Inc.has two divisions,Seward and Charles.Following is the income statement for the previous year:  Of the total fixed costs,$300,000 are common fixed costs that are allocated equally between the divisions.How much did the Charles division incur in direct fixed costs?
A)$20,000 
B)$150,000 
C)$170,000 
D)$300,000

Quizplus · Accepted Answer

The Answer of Franklin,Inc.has two divisions,Seward and Charles.Following is the income statement for the previous year:  Of the total fixed costs,$300,000 are common fixed costs that are allocated equally between the divisions.How much did the Charles division incur in direct fixed costs?
A)$20,000 
B)$150,000 
C)$170,000 
D)$300,000