Cost Accounting Question

23.18 and 23.19. Please do step by step.

ROI and RL (D. Kleespie. adapted) The Outdoor Sports Company produces a wide variety of outdoor sports equipment. Its newest division, Golf Technology, manufactures and sells a single product- AccuDriver. a golf club that uses global positioning satellite technology to improve the accuracy of golfers' shots. The demand for AccuDriver is relatively insensitive to price changes. The following data are available for Golf Technology, which is an investment center for Outdoor Sports: 1. Compute Golf Technology's ROI if the selling price of AccuDrivers is $720 per club. 2. If management requres an ROI of at least 25% from the division, what is the minimum selling price that the Golf Technology Division should charge per AccuDriver club? 3. Assume that Outdoor Sports judges the performance of its investment centers on the basis of R1 rather than ROI. What is the minimum sehng price that Golf Technology should charge per AccuDrrver if the company's required rate of return is 20%? ROI and RI with manufacturing costs. Fabulous Motor Company makes electric cars and has two products, the Simplegreen and the Fabulousgreen. To produce the Simplegreen. Fabulous Motor employed assets of $24,500,000 at the beginning of the period and $30,000,000 of assets at the end of the period. Other costs to manufacture the Simplegreen include the following: General administration and selling costs total $8,940,000 for the period. In the current period. Fabulous Motor produced 9,000 Simplegreen cars using 7,000 setup-hours and 176,500 machine-hours. Fabulous Motor sold these cars for $13,000 each. 1. Assuming that Fabulous Motor defines investment as average assets during the period, what is the return on investment for the Simplegreen division? 2. Calculate the residual income for Simplegreen if Fabulous Motor has a required rate of return of 8% on investments