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Given below is an excerpt from a management performance report: Budget Actual Difference Contribution margin $900000 $970000 $70000 Controllable fixed costs $700000 $630000 $70000 The
Given below is an excerpt from a management performance report:
Budget | Actual | Difference | |
Contribution margin | $900000 | $970000 | $70000 |
Controllable fixed costs | $700000 | $630000 | $70000 |
The managers overall performance
| is 70% above expectations. |
| is equal to expectations. |
| cannot be determined from information given. |
| is 70% below expectations. |
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