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Ch23 Q11 The Ferrell Transportation Company uses a responsibility reporting system to measure the performance of its three investment centers: Planes, Taxis, and Limos. Segment
Ch23 Q11
The Ferrell Transportation Company uses a responsibility reporting system to measure the performance of its three investment centers: Planes, Taxis, and Limos. Segment performance is measured using a system of responsibility reports and return on investment calculations. The allocation of resources within the company and the segment managers bonuses are based in parton the results shown in these reports. Recently, the company was the victim of a computer virus that deleted portions of the company's 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 pieces of information below. Planes Taxis Limos $ $503,900 $ 5,493,900 296,400 248,300 516,092 1,499,000 Service revenue Variable costs Contribution margin Controllable fixed costs Controllable margin Average operating assets Return on investment 81.000 276,192 24.968,000 1.534.400 15 96 890 Step by Step Solution
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