The Sphinx Division of Shepherd Corporation Generated Net Revenues of $12,000,000

Multiple Choice

The Sphinx division of Shepherd Corporation generated net revenues of $12,000,000 and variable expenses of $7,700,000.If common corporate fixed costs were $1,000,000 and the segment margin was $1,300,000, what are the division's direct fixed expenses?

A) $4,300,000
B) $3,000,000
C) $300,000
D) The answer cannot be determined from the information given.