Question 1:

Given below is an excerpt from a management performance report:

	Budget		Actual		Difference
Contribution margin	$600,000		$580,000		$20,000 U
Controllable fixed costs	$200,000		$220,000		$20,000 U

The manager's overall performance

A) Cannot be determined from the information privded.

B) Is equal to expectations.

C) Is 10% above expectations.

D) Is 10% below expectations.