Question: Given below is an excerpt from a management performance report: Budget Actual Difference Contribution margin $900000 $970000 $70000 Controllable fixed costs $700000 $630000 $70000 The

Given below is an excerpt from a management performance report:

Budget Actual Difference
Contribution margin $900000 $970000 $70000
Controllable fixed costs $700000 $630000 $70000

The managers overall performance

 is 70% above expectations.

is equal to expectations.

cannot be determined from information given.

is 70% below expectations.

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