Question - Jackson Company operates three divisions, A, B, and C. The following information is available for the most recent month:
Jackson Company:
Sales revenue .............. $700,000
Segment margin ............. $188,000
Net income ................. $125,000
Division A:
Sales revenue .............. $200,000
Contribution margin ........ $140,000
Segment margin ............. $109,000
Division B:
Variable costs ............. 75% of sales
Division C:
Variable costs ............. $108,000
Traceable fixed costs ...... $ 56,000
Contribution margin ........ 40% of sales
Calculate the total fixed costs incurred by Jackson Company during the most recent month. Do not use decimals in your answer.