Fill in the blanks in the schedule below for two separate investment centers A and B. Investment Center Sales Income Average assets Profit margin Investment turnover Return on investment Investment Center A B Investment Turnover: Investment Center A B Return on investment: Investment Center A B Use the information in the table above to compute each department's contribution to overhead (both in dollars and as a percent). (Round your final answers to 2 decimal places.) Profit Margin: Numerator: Numerator: $7 $ 584,600 $ 1,580,000 Numerator: 10% 7% B $ 12,200,000 Denominator: Denominator: $7 $7 Denominator: 28 1.3 138 Profit Margin Profit margin 10.00 % % Investment Turnover Investment turnover 1.30 Return on investment. Return on investment % 13.00 %
Fill in the blanks in the schedule below for two separate investment centers A and B. Investment Center Sales Income Average assets Profit margin Investment turnover Return on investment Investment Center A B Investment Turnover: Investment Center A B Return on investment: Investment Center A B Use the information in the table above to compute each department's contribution to overhead (both in dollars and as a percent). (Round your final answers to 2 decimal places.) Profit Margin: Numerator: Numerator: $7 $ 584,600 $ 1,580,000 Numerator: 10% 7% B $ 12,200,000 Denominator: Denominator: $7 $7 Denominator: 28 1.3 138 Profit Margin Profit margin 10.00 % % Investment Turnover Investment turnover 1.30 Return on investment. Return on investment % 13.00 %
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter25: Departmental Accounting
Section: Chapter Questions
Problem 6SEB
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