Maurice Corporation has two major business segments; Philippe and Chip. In April, the Philippe business segment had sales revenues of $500,000, variable expenses of $280,000, and traceable fixed expenses of $80,000. During the same month, the Chip business segment had sales revenues of $970,000, variable expenses of $514,000, and traceable fixed expenses of $184,000. The common fixed expenses totaled $280,000 and were allocated as follows: $112,000 to the Philippe business segment and $168,000 to the Chip business segment. A properly constructed segmented income statement in a contribution format would show that the segment margin of the Philippe business segment is:a.) $108,000
b.) $140,000
c.) 280,000
d.) $28,000