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Classico's Pizza, a chain of pizza parlors, views each branch location as an investment center. The local branch reported the following results for the current year: Sales ......... Variable expenses Traceable fixed costs. Average total assets of the branch................ = (a) Contribution margin: $ ****** Compute the following measures for this investment center: OC $3,600,000 $2,970,000 $270,000 $1,440,000

Classico's Pizza, a chain of pizza parlors, views each branch location as an investment center. The local branch reported the following results for the current year: Sales ......... Variable expenses Traceable fixed costs. Average total assets of the branch................ = (a) Contribution margin: $ ****** Compute the following measures for this investment center: OC $3,600,000 $2,970,000 $270,000 $1,440,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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7. Responsibility income statement Classico's Pizza, a chain of pizza parlors, views each branch location as an investment center. The local branch reported the following results for the current year: Sales Variable expenses Traceable fixed costs.. Average total assets of the branch $3,600,000 $2,970,000 $270,000 $1,440,000 Compute the following measures for this investment center: (a) Contribution margin: $ (b) Contribution margin ratio: (c) Responsibility margin: $_ (d) Increase in annual responsibility margin that would be expected to result from a 10% increase in sales volume: $_ _%
Transcribed Image Text:7. Responsibility income statement Classico's Pizza, a chain of pizza parlors, views each branch location as an investment center. The local branch reported the following results for the current year: Sales Variable expenses Traceable fixed costs.. Average total assets of the branch $3,600,000 $2,970,000 $270,000 $1,440,000 Compute the following measures for this investment center: (a) Contribution margin: $ (b) Contribution margin ratio: (c) Responsibility margin: $_ (d) Increase in annual responsibility margin that would be expected to result from a 10% increase in sales volume: $_ _%
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