Ferrar Corporation Has Two Major Business Segments: Consumer and Commercial

Multiple Choice

Ferrar Corporation has two major business segments: Consumer and Commercial. Data for the segments and for the company for March appear below: In addition, common fixed expenses totaled $210,000 and were allocated as follows: $122,000 to the Consumer business segment and $88,000 to the Commercial business segment.
A properly constructed segmented income statement in a contribution format would show that the net operating income of the company as a whole is:

A) $66,000
B) $(144,000)
C) $423,000
D) $276,000