Question: Pippen Co. recorded operating data for its shoe division for the year. The companys desired return is 5%. Sales$1000000Contribution margin200000Total direct fixed costs120000Average total operating

Pippen Co. recorded operating data for its shoe division for the year. The companys desired return is 5%.

Sales$1000000Contribution margin200000Total direct fixed costs120000Average total operating assets400000

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

$80000

$60000

50%

20%

Save for Later

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Pippen Co. recorded operating data for its shoe division for the year. The companys desired return is 5%. Sales$1000000Contribution margin200000Total direct fixed costs120000Average total operating...

Q:

multiple choice question 6- Vaughn Manufacturinghas determined the following per unit amounts: Direct materials $42Fixed selling and administrative$60Direct labor 50Variable overhead 33Desired ROI...

Q:

Question 6 (2 points) Pippen Co. recorded operating data for its shoe division for the year. The company's desired return is 5%. Sales Contribution margin Total direct fixed costs Average total...

Q:

Pippen Co. recorded operating data for its shoe division for the year. The company's desired return is 5%. Sales $1,000,000 Contribution margin 200,000 Total direct fixed costs 120,000 Average total...

Q:

Pippen Co. recorded operating data for its shoe division for the year. The company's desired return is 5%. 9) $1,000,000 200,000 120,000 400,000 Sales Contribution margin Total direct fixed costs...

Q:

Pippen Co . recorded operating data for its shoe division for the year. The company's desired return is 5 % . Sales Contribution margin Total direct fixed costs Average total operating assets $ 1 , 0...

Q:

Multiple Choice Question 109 Present Value of an Annuity of 1 Periods 8% 9% 10% 1 0.926 0.917 0.909 2 1.783 1.759 1.736 3 2.577 2.531 2.487 A company has a minimum required rate of return of 9%. It...

Q:

2. Arthur Roofings budgeted manufacturing costs for 50,000 squares of shingles are: Fixed Manufacturing costs $30,000 Variable Manufacturing costs $20,000 per square Arthur produced 45,000 squares of...

Q:

Pippen co. recorded operating data for its shoe division for the year. the company's desired return is 5%. sales $1,000,000rn contribution margin 200,000rn total direct fixed costs 120,000rn average...

Q:

Marigold Corp. recorded operating data for its shoe division for the year. The companys desired return is 5%. Sales $700000 Contribution margin 210000 Total direct fixed costs 120000 Average total...

Q:

WP Manufactures a machine tool that goes through three processing departments- Cutting, fixing and polishing. Raw materials are introduced at the start of the work in the cutting department itself....

Q:

What is NOT a reason why transaction comps (precedent transaction analysis) generally provide a higher multiple range than trading comps (comparable company analysis)? Question 2 options: A) Buyers...

Q:

Research shows that people who are habitually positive ( or natural optimists ) also have all of the following characteristics except: Select one: a . long - term planning abilities b . sense of...

Q:

What level of engagement with theories, concepts, frameworks of best practice etc is expected?

Q:

What support is available to students when undertaking their project and how can that support be accessed?

Q:

How important is it to gather primary data?