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Question(s) / Instruction(s):

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.            is 10% above expectations

b.            is 10% below expectations

c.             is equal to expectations

d.            cannot be determined from the information provided

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