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Current Attempt in Progress The service division of Sheffield Industries reported the following results for 2020. Sales $ 514,000 Variable costs 308,400 Controllable fixed costs
Current Attempt in Progress The service division of Sheffield Industries reported the following results for 2020. Sales $ 514,000 Variable costs 308,400 Controllable fixed costs 90,200 Average operating assets 577,000 Management is considering the following independent courses of action in 2021 in order to maximize the return on investment for this division. 1. Reduce average operating assets by $ 115,400, with no change in controllable margin. 2. Increase sales $92,320, with no change in the contribution margin percentage. (a) Compute the controllable margin and the return on investment for 2020. Controllable margin $ Return on investment for 2020 % Save for Later Attempts: 0 of 1 used Submit
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