What is the division''s margin, Cost Accounting

Assignment Help:

Eckels Wares is a division of a major corporation. The following data are for the latest year of operations:


Sales $24,900,000
Net Operating Income $1,319,700
Operating Assets, 1/1/2012 $6,200,000
Operating Assets, 31/12/2012 $5,800,000
The company's minimum required rate of return 12%

Required:
Compute the following for the year 2012:

a. What is the division's margin?
b. What is the division's turnover?
c. What is the division's return on investment (ROI)?
d. What is the division's residual income?

 


Related Discussions:- What is the division''s margin

The fixed overhead price variance, DEF Municipality uses a standard absorpt...

DEF Municipality uses a standard absorption costing system to control the cost of one of its services, namely the supply of water to its constituents. The fixed budget for the reti

Income and expenditure account, The following is a summary of a cash book f...

The following is a summary of a cash book for the year ended 31 April 2012 Payments                              $              Receipts                                    $

Balance sheet and assuming monthly amortization of patents, Nieland Industr...

Nieland Industries had one patent recorded on its books as of January 1, 2014. This patent had a book value of $288,000 and a remaining useful life of 8 years. During 2014, Nieland

Activity based costing, As controller for Edmonton Cosmetic Hospital, you a...

As controller for Edmonton Cosmetic Hospital, you are looking into the possibility of utilizing Activity- Based-Costing to assign overhead costs to patient surgeries. As a first st

West Industries, West Industries is a highly decentralized corporation with...

West Industries is a highly decentralized corporation with independent operating divisions. Each division is evaluated and rewarded based on its total net income. One of the divisi

Absorption costing and marginal costing, Absorption Costing and Marginal Co...

Absorption Costing and Marginal Costing Product costs are costs identified along with goods produced or purchased for resale. That costs are initially identified like part of

Calculate the discounted cash flow and net present value, King Airlines ...

King Airlines King Airlines is one of many low-cost airlines in Europe. The managers want to expand the business and have an opportunity to purchase a second-hand plane to op

Credit sales method, What are the journal entries to recognize each of the ...

What are the journal entries to recognize each of the below events. a.   The firm records bad debt expense of 5% of credit sales, which were $300.  The firm uses the Percentage

Give annual report project, Give Annual report project: You will pick ...

Give Annual report project: You will pick a publically trade company to do the analysis on with approval of the professor . the following is an outline of what should be in th

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd