Garrison company recorded operating data for its shoe, Ask an Expert

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Garrison Company recorded operating data for its shoe division for the year. The company's desired return is 5%.

Sales $500,000
Contribution margin 100,000
Total direct fixed costs 60,000
Average total operating assets 200,000

Which one of the following reflects the controllable margin for the year?

a. 20%

b. 50%

c. $30,000

d. $40,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M969711

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