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Eckels Wares is a division of a major corporation. The following data are for the latest year of operations:
Sales $24,900,000Net Operating Income $1,319,700Operating Assets, 1/1/2012 $6,200,000Operating Assets, 31/12/2012 $5,800,000The 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?
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a company has the budget for manufacturing overhead based on direct labor hours. budgeting at 10,000 direct labor hours are as follows. Variable costs= 160000 Fixed Costs
Chen Enterprises purchased 67,000 pounds (cost = $616,400) of direct material to be used in the manufacture of the company''s only product.
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Calculation of Deductions - Wages Department A range of deductions are complete from gross earnings when computing the net payment because of the employee, that deductions may
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