Required information [The following information applies to the questions displayed below.j Chic Jewelers views each branch location as an investment center. The local branch reported the following results for the current year: Part 1 of 3 2.85 points Sales Variable expenses Traceable fixed costs Average total assets of the branch $5,500, 000 $3,254,000 $ 320,000 $2,400,000 The contribution margin of the local branch is