Crane Company recorded operating data for its shoe division for the year as follows: Sales Contribution margin Controllable fixed costs Average total operating assets $12960000 540000 170000 1080000 What is the controllable margin for the year?

Crane Company recorded operating data for its shoe division for the year as follows: Sales Contribution margin Controllable fixed costs Average total operating assets $12960000 540000 170000 1080000 What is the controllable margin for the year?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Crane Company recorded operating data for its shoe division for the year as follows:
Sales
Contribution margin
Controllable fixed costs
Average total operating
assets
$12960000
O $540000
O $370000
O 24%
50%
540000
170000
1080000
What is the controllable margin for the year?

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