Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Marigold Corp. recorded operating data for its shoe division for the year. The companys desired return is 5%. Sales $700000 Contribution margin 210000 Total direct
Marigold Corp. recorded operating data for its shoe division for the year. The companys desired return is 5%.
Sales | $700000 |
Contribution margin | 210000 |
Total direct fixed costs | 120000 |
Average total operating assets | 420000 |
Which one of the following reflects the controllable margin for the year?
50%
$90000
30%
$60000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started