Miscavage Corporation has two divisions: the Beta Division and the Alpha Division. The Beta Division has sales of $265,000, variable expenses of $141,600, and traceable fixed expenses of $66,800. The Alpha Division has sales of $575,000, variable expenses of $321,800, and traceable fixed expenses of $126,300. The total amount of common fixed expenses not traceable to the individual divisions is $126,200. What is the company's net operating income

$57,300

Explanation:

Calculation to determine the company's net operating income

Sales $840,000

($265,000+$575,000)

Less Variable expenses $463,400

($141,600+$321,800)

Contribution margin $376,600

($840,000-$463,400)

Less Traceable fixed expenses $193,100

($66,800+$126,300)

Divisional segment margin $183,500

Less Common fixed expenses $126,200

Net Operating Income $57,300

Therefore the company's net operating income will be $57,300

explanation: doctrine of respondeat superior is a legal doctrine that is commonly used in tort. this principle makes an employer or principal legally responsible for the wrongful acts done by an employee or agent, if such acts occur within the scope of the employment or agency.

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