Il in the missing information in the preceding table. (Enter the capital turnover A Data Table Osborne, Inc. Gammaro Compan ales 114,000 Gable Industries Gammaro perating income $ 39,900 $ 117,900 Osborne, Inc. Company ? $ otal assets . 71,250 Sales. .. $ 114,000 522,000 ales margin 35 % 15 % Operating income $ 39,900 $ 117,900 apital turnover . 1.60 4.80 Total assets... 71,250 ? eturn on investment (ROI) 56 % % Sales margin.. 15% 10% arget rate of return.. 10 % 20 % Capital turnover 4.80 esidual income 32,775 Return on investment (ROI) ? ? 29% Target rate of return....... 10% 20% ? Residual income (RI) ? $ 21,600

Why might a company have different numbers of equivalent units for direct materials and conversion materials?

Harvey Corporation produces several joint products fromcommon materials and shared production processes. Whyare costs incurred up to the split-off point not relevant indeciding which products Harvey sells at the split-off pointand which products it processes further?

Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $310,000 per quarter. For financial reporting purposes, the company allocates these costs to the joint products based on their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: Product A B C Selling Price $ 12.00 per pound $ 6.00 per pound $18.00 per gallon Product A B C Each product can be processed further after the split-off point. Additional processing requires no special facilities. The additional processing costs (per quarter) and unit selling prices after further processing are given below: Additional Processing Costs $ 52,470 $ 74,345 $ 27,460 Quarterly Output 11,400 pounds 17,900 pounds 2,600 gallons Required 1 Required: 1. What is the financial advantage (disadvantage) of further processing each of the three products beyond the split-off point? 2. Based on…