Question - Daytona Company operates three divisions, L, M, and Z. The following information is available for the most recent month:
Daytona Company:
Variable costs - $281,000
Common fixed costs - $ 92,000
Net income - $136,000
Division L:
Traceable fixed costs - $ 28,000
Division M:
Sales revenue - $190,000
Contribution margin - $ 57,000
Segment margin - $ 46,000
Division Z:
Variable costs - $ 92,000
Variable costs - 40% of sales
Segment margin - $106,000
Calculate the sales revenue reported by Division L during the most recent month.