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Question(s) / Instruction(s):

Harbaugh Company recorded operating data for its shoe division for the year. The company’s desired return is 5%.

Sales                                                      $500,000

Contribution margin                       100,000

Total direct fixed costs                   60,000

Average total operating assets  200,000

Which one of the following reflects the controllable margin for the year?

a.            20%

b.            50%

c.             $30,000

d.            $40,000

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