Question: Residual income is defined as A. variable contribution margin less the minimum rate of return on average operating assets. B. controllable income less the minimum

Residual income is defined as

A. variable contribution margin less the minimum rate of return on average operating assets.

B. controllable income less the minimum rate of return on average operating assets.

C. contribution margin less controllable fixed costs.

D. controllable margin divided by average operating assets.

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