Given below is an excerpt from a management performance report: $\begin{array}{lccc}&\text { Budget }&\text {Actual }&\text {Difference }\
\text { Contribution margin } & \$ 1,000,000 & \$ 1,050,000 & \$ 50,000 \
\text { Controllable fixed costs } & \$ 500,000 & \$ 450,000 & \$ 50,000
\end{array}$ The manager's overall performance
A) is 20% below expectations.
B) is 20% above expectations.
C) is equal to expectations.
D) cannot be determined from information given.

Question

Quizplus · Accepted Answer

The manager's performance is above expectations because both the contribution margin and controllable fixed costs show favorable variances, resulting in a net positive impact on performance.

Given Below Is an Excerpt from a Management Performance Report