Question
Pippen Co. recorded operating data for its shoe division for the year. The companys desired return is 5%. Sales$1000000Contribution margin200000Total direct fixed costs120000Average total operating
Pippen Co. recorded operating data for its shoe division for the year. The companys desired return is 5%.
Sales$1000000Contribution margin200000Total direct fixed costs120000Average total operating assets400000
Which one of the following reflects the controllable margin for the year?
$80000
$60000
50%
20%
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Petroleum Accounting Principles Procedures And Issues
Authors: Dennis Jennings, Joe Feiten, Horace Brock
5th Edition
0940966255, 978-0940966253
