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

Short Answer

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.