Johns company operates in three different industries each of which is appropriately regarded as a reportable segment. segment no. 1 contributed 60 percent of johns company's total sales. sales for segment no. 1 were $600,000 and variable costs were $400,000. total common costs for all segments were $320,000. johns allocates common costs based on the ratio of each segment's sales to the total sales. what should be the contribution margin presented for segment no. 1?
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