A cost is considered controllable at a given level of managerial responsibility if O the manager has the power to manage the cost within a given time period. O it changes in magnitude in a flexible budget. O it is a variable cost, but it is uncontrollable if it is a fixed cost. O the cost has not exceeded the budget amount in the master budget. Save for Later Attempts: 0 of 1 used Submit AnswerIn a performance report for a cost center, O no distinction is made between fixed and variable costs. O fixed costs are not reported. O controllable and noncontrollable costs are reported. O only materials and controllable costs are reported. Save for Later Attempts: 0 of 1 used Submit AnswerSheffield Corp. had average operating assets of $5800000 and sales of $2700000 in 2022. If the controllable margin was $812000, the ROI was O 30% O 47% O 60% O 14% Save for Later Attempts: 0 of 1 used Submit AnswerIf an investment center has a $85000 controllable margin and 551400000 in sales, what average operating assets are needed to have a return on investment of 10%? O $225000 0 $140000 0 $850000 0 $1400000 Save for Later Attempts: 0 of 1 used Swifty Corporation had sales of $440000, variable costs of $240000, and direct xed costs totaling $100000. The company's average Previous question total $740000 and its required return is 10%. What is the company's residual income? 0 $366000 0 $26000 o $74000 0 $166000 Save for Later Attempts: 0 of 1 used