Waterway Industriesrecorded operating data for its shoe division for the year. The company's desired return is 5%. $10540000 Sales Contribution margin 340000 Total direct fixed costs 120000 Average total operating assets 480000 What is the controllable margin for the year? 0 71% O $60000 O $220000 0.3%

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Waterway Industriesrecorded operating data for its shoe division for the year. The company's desired return is 5%.
$10540000
Sales
Contribution margin
340000
Total direct fixed costs
120000
Average total operating assets
480000
What is the controllable margin for the year?
0 71%
O $60000
O $220000
0.3%
Transcribed Image Text:Waterway Industriesrecorded operating data for its shoe division for the year. The company's desired return is 5%. $10540000 Sales Contribution margin 340000 Total direct fixed costs 120000 Average total operating assets 480000 What is the controllable margin for the year? 0 71% O $60000 O $220000 0.3%
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