The Campus Division of All-States Bank has assets of $2,700 million. During the past year, the division had profits of $270 millon. Al- States Bank has a cost of capital of 4 percent. Ignore taxes. Required: a. Compute the divisional ROI for the Campus Division, (Enter your answer as a percentage rounded to 1 decimal place (1.e., 32.1).) Divisional ROI b. Compute the divisional RI for the Campus Division. (Enter your answer in dollars, not in millions.) Divisional RI

A department’s conversion costs are equal to the ________ and assigned direct labor costs. Select answer from the options below A. sum of its allocated overhead costs B. difference between its materials costs C. sum of its materials costs D. difference between its allocated overhead costs

The support department allocation method that is the most widely used because of its simplicity is the: a. reciprocal allocation method b. sequential allocation method c. step-down method d. direct allocation method

Distinguish between the qualities and aims of cost accounting, as well as between the nature and significance of a task cost sheet.

What are support departments, and why are their costs allocated to other departments? What process is used to allocate support department costs?

Cost accounting provides management with a variety of cost classifications that can be used for different decision-making processes. Write your opinion on how management could use each of the following cost classification for decision making: Direct and indirect costs. Fixed, variable, and mixed costs. Period and product costs. Manufacturing and selling costs. Standards and actual costs.

Define and explain the two major subsystems of the cost management information system.

TRUE OR FALSE Activity center is a unit in an organization for which management wants the costs of a set of activities be reported separately.