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L Send to Cradhoek et Question 6 View Policies Curront Atempt in Progress For the year ending December 31, 2020 Cobb Company
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Answer #1
Budget Actual Difference
Contribution margin 692320 702576 10256 Favorable
Controllable fixed costs 297500 303600 6100 Unfavorable
Controllable margin 394820 398976 4156 Favorable
Return on investment 19.0% 19.2% 0.2% Favorable
Workings:
Return on investment :
Budget 19.0% =394820/2078000
Actual 19.2% =398976/2078000
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