Recently, the company was the victim of a computer virus that deleted portions of its accounting records. This was discovered when the current period's responsibility reports were being prepared. The printout of the actual operating results appeared as follows: Determine the missing amounts. (Round intermediate calculations and final answers to O decimal places, eg. 1,255) Service revenue $ Variable costs Planes 5,500,300 Contribution margin Controllable fixed 2,003,700 costs Controllable margin Average operating 24,986,400 assets Return on investment Taxis $601,200 $ 203,400 Limos 299,800 437,714 94,000 201,214 14 % 10 % 1,547,800 %

Recently, the company was the victim of a computer virus that deleted portions of its accounting records. This was discovered when the current period's responsibility reports were being prepared. The printout of the actual operating results appeared as follows: Determine the missing amounts. (Round intermediate calculations and final answers to O decimal places, eg. 1,255) Service revenue $ Variable costs Planes 5,500,300 Contribution margin Controllable fixed 2,003,700 costs Controllable margin Average operating 24,986,400 assets Return on investment Taxis $601,200 $ 203,400 Limos 299,800 437,714 94,000 201,214 14 % 10 % 1,547,800 %

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter4: Activity-based Costing

Section: Chapter Questions

Problem 7CE: Golding Bank provided the following data about its resources and activities for its checking account...

See similar textbooks

Similar questions

Krall Company recently had a computer malfunction and lost a portion of its accounting records. The company has reconstructed some of its financial performance measurements including components of the return on investment calculations.Required:Help Krall rebuild its information database by completing the following table: (Do not round your intermediate calculations. Round your final answers to 2 decimal places, (i.e. 0.1234 should be entered as 12.34%.).)
Krall Company recently had a computer malfunction and lost a portion of its accounting records. The company has reconstructed some of its financial performance measurements including components of the return on investment calculations. Required: Help Krall rebuild its information database by completing the following table: (Do not round your intermediate calculations. Round your final answers to 2 decimal places, (i.e. 0.1234 should be entered as 12.34%.).) Return on Investment Profit Margin Operating Income Average Invested Assets Investment Turnover Sales Revenue 44,000.00 $ 705,000.00 $ 1,400,000.00 10.00 % 0.31 82,460.00 2,660,000.00 15.30 % 1.85 3,200,500.00 11.10 % 2.55 500,000.00 %24 %24 %24 %24 %24
Krall Company recently had a computer malfunction and lost a portion of its accounting records. The company has reconstructed some of its financial performance measurements including components of the return on investment calculations.Required:Help Krall rebuild its information database by completing the following table: (Do not round your intermediate calculations. Round your final answers to 2 decimal places, (i.e. 0.1234 should be entered as 12.34%.).) Return on Investment Profit Margin Investment Turnover Operating Income Sales Revenue Average Invested Assets % % $50,000.00 $714,000.00 $1.550.000.00 % 9.80 % 0.50 $1,23,970.00 $2,530,000.00 % 15.70 % 1.15 $1,955,000.00 11.10 % % 2.80 $505,000.00
Krall Company recently had a computer malfunction and lost a portion of its accounting records. The company has reconstructed some of its financial performance measurements including components of the return on Investment calculations. Required: Help Krall rebuild Its Information database by completing the following table: (Do not round your Intermediate calculations. Round your final answers to 2 decimal places, (l.e. 0.1234 should be entered as 12.34%.).) Return on Investment %6 96 96 11.40 % Profit Margin 96 9.30 % 14.40 % Investment Turnover Operating Income Sales Revenue 42,000.00 $ 84,100.20 $ 0.34 $ 1.15 2.75 $ $ Average Invested Assets 707,000.00 $ $ 2,047,000.00 508,000.00 1.570,000.00 2.680,000.00
Ethical Considerations. In the process of closing thecompany books, you encounter a problematic transaction. One of the company’s customers was invoicedtwice for the same project materials, resulting in a$1,000 overcharge. You immediately notify the controller, whose response is, “Let it go, it happens often.It’ll probably balance out on some future transaction.”What should you do now?
In the following chart, fill in the missing cells for each of the following independent scenarios. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. Scenario 1 2 4 GA Revenue Variable Costs Fixed Costs Total Costs Operating Profit $83 $830 $ $1,800 $ $880 $ $697 $ $490 $280 $ $747 $790 $ $1,147 $553 $424 CM Ratio % 80.00% % % Contribution Margin $ A $704
Krall Company recently had a computer malfunction and lost a portion of its accounting records. The company has reconstructed some of its financial performance measurements including components of the return on investment calculations. Required: Help Krall rebuild its information database by completing the following table: Note: Round your intermediate calculations to 2 decimal places. Round your final answers to 2 decimal places, (i.e. 0.1234 should be entered as 12.34%.). Return on Investment % % % 12.30 % Profit Margin % 10.70 % 15.10 % % Investment Turnover 0.36 1.25 2.60 Operating Income $ 52,000.00 $ 96,685.20 GA Sales Revenue Average Invested 701,000.00 $ $ 2,112,500.00 510,000.00 Assets 1,580,000.00 2,510,000.00
Krall Company recently had a computer malfunction and lost a portion of its accounting records. The company has reconstructed some of its financial performance measurements including components of the return on investment calculations. 1. Help Krall rebuild its information database by completing the following table: Note: Round your intermediate calculations to 2 decimal places. Round your final answers to 2 decimal places, (i.e. 0.1234 should be entered as 12.34%.). Return on Investment Profit Margin Investment Turnover Operating Income Sales Revenue Average Invested Assets $51,000.00 $709,000.00 $1,420,000.00 4.06% 9.90% 0.41 $105,128.10 $2,590,000.00 24.14% 14.20% 1.70 $3,043,000.00 11.205 5.09% 2.20 $519,000.00
Krall Company recently had a computer malfunction and lost a portion of its accounting records. The company has reconstructed some of its financial performance measurements including components of the return on investment calculations. Required: Help Krall rebuild its information database by completing the following table: Note: Round your intermediate calculations to 2 decimal places. Round your final answers to 2 decimal places, (i.e. 0.1234 should be entered as 12.34%.). Return on Investment % % % 12.10 % Profit Margin 11.10 % 15.30 % Investment Turnover 0.45 1.30 2.65 Operating Income $ 35,000.00 $ 126,873.00 $ Sales Revenue 711,000.00 2,262,000.00 517,000.00 Average Invested Assets 1,480,000.00 2,540,000.00
Use the following information to determine the changes in the following: cost of service failures (including invoice discount, rehandling cost, lost sales), and net income, and Return on Assets.Average price per order $125Gross margin per order $42Annual orders 80,000Of orders not filled correctly Rectified orders 70%With invoice discount $25With additional handling $15Orders refused 20%Warehousing cost $250,000Other operating costs $650,000Cash $1,000,000Accounts receivable $500,000Fixed assets $10,000,000Tax rate 40%Transportation cost $350,000Average inventory $700,000Interest cost $400,000Inventory Carrying Cost 10% per year
please dont provide answer in image format thank you Hunt Company and Indio Company are noncompeting lines of business and use a common database for marketing purposes. The variable costs associated with accessing the database are readily identifiable and kept in separate cost pools that are charged to each user. The fixed costs of maintaining the database, however, cannot be identified by user on a cause-and-effect basis. These fixed costs for the next year are budgeted at $55,000. If Indio does not use the database, the fixed costs to Hunt are $48,000. An outside vendor offers to provide Hunt access to a comparable database for a fixed fee of $60,000 per year plus variable costs of accessing the database. The same vendor offers to provide Indio access to that database for a fixed fee of $20,000 per year plus variable costs of accessing the database. Required: Compute how much of the $55,000 fixed costs of maintaining the database are charged to by each user: a. Under the…
(Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab or if you type the numbers in, you will be marked wrong.) Bayside Company Sales Operating income Total assets Sales margin Capital turnover Return on investment (ROI) Target rate of return Residual income (RI) Georgeville, Inc. $117,000 $35,100 $90,000 9% $164,000 20% 4.10 21% Blue Hat Industries $520,000 8% 20% $4,160