Exercise 10-17 (Video)

The South Division of Wiig Company reported the following data for the current year.

Sales

$2,900,000

Variable costs

1,943,000

Controllable fixed costs

590,000

Average operating assets

5,000,000

Top management is unhappy with the investment center's return on investment (ROI). It asks the manager of the South Division to submit plans to improve ROI in the next year. The manager believes it is feasible to consider the following independent courses of action.

1.

Increase sales by $300,000with no change in the contribution margin percentage.

2.

Reduce variable costs by $150,000.

3.

Reduce average operating assets by3%.

(a)Compute the return on investment (ROI) for the current year.(Round ROI to 2 decimal places, e.g. 1.57%.)

Return on Investment %? I need the answer to this

(b)Using the ROI formula, compute the ROI under each of the proposed courses of action.(Round ROI to 2 decimal places, e.g. 1.57%.)

Return on investment ? I need the answer to this to action 1-3

Action1 %

Action2 %

Action3 %

0 4 I Return to Blackboard WileyPLUS Weygandt, Managerial Accounting, Be Help | System Announcements PRINTER VERSION hiXIN ASSIGNMENT RESOURCES Practice Chapter s and Exercise 10-19 10 The Ferrell Transportation Company uses a responsibility reporting system to measure the performance of its three investment centers: Planet, Taxis, and Limes. Segment performance Is measured using a system of responsibility reports and return on investment calculations. The allocation of resources within the company Excrose 9-7 and the segment managers' bonuses are based in part on the results shown in ttig reports. Exercise 9-14 (Video) Problem 9-48 (video] becandy, the company was the victim of a computer virus that deleted portions of the company's accounting records. This was discovered when the current perlod's responsibility reports were being prepared. The printout of the actual operating results appeared as follows. Determine the missing places of Information below. Planes Tauh Limos Level Subbalon! Service revenue $503,300 Variable costs 5,501.900 299,300 Review Score Review Results by Study Contribution margin 245,300 440,656 Objective Controllably fixed costs 1,495,300 Controllable margin 04,000 251,056 Average operating assets 24,957,600 1,476,800 Return on Investment 11 12 % LINK TO TEXT Type here to wearch+ Return to Blackboard WileyPLUS Weygandt, Managerial Accounting, Be Help | System Announcements CALCULATOR PRINTER VERSION BACK NEXT F ASSIGNMENT RESOURCES Practice: Chapters 9 and Exercise 9-7 10 Rensing Led. estimates sales for the second quarter of 2020 will be as follows. Exercise 9:4 (Video) Month Units Exercise 9:14 (Video) April 2,540 Problem 9-4A (Video) May 2,400 Exercise 10-4 a-b [Video) June 2,320 Exercise 10-6 5-b Exercise 10-12 The target ending Inventory of finished products is as follows. Problem 10-64 (Part Level Sub mission) March 31 2,020 [Video) April 30 2,280 Review Score May 31 2,140 Review Results by Study June 30 2.340 objective 2 units of material are required for each unit of finished product. Production for July is estimated at 2,660 units to start building inventory for the fall sales period. Rensing's policy is to have an inventory of raw materials at the end of each month equal to 60% of the following month's production requirements. Raw materials are expected to cost $6 per unit throughout the period. Calculate the May raw materials purchases in dollars. Raw material purchases cost $ LIKE TO TEXT P Type here to search ALGAHO 10:09 PM0 4 I Return to Blackboard WileyPLUS Weygandt, Managerial Accounting, Be Help | System Announcements THICK ASSIGNMENT RESOURCES Exercise 10-17 (Video] Homework: Chapter 9 and 10 The South Division of Wily Company reported the following data for the current year. Lucrose 4 3 [video) Sales $1.900,000 Excrose 9-8 Excrose 9-15 (videol Variable costs 1,$43,000 Problem 9-54 (video] Controllable fixed costs 590,000 Average operating aspets 5,000,900 Exercise Lob tydeal Turnin 10-17 Irkbe Top management is unhappy with the Investment center's return on investment (ROJ). It asks the manager of the South Division to submit plans to improve RO] in the move your. The manager believes it is feasible to consider the following independent courtes of action. 1. Increase sales by $308,830 with no change in the contribution margin percentage. Review Score 2. Reduce variable costs by $150,000. Review Results by Study 3. Reduce average operating assets by 3%. Objective [a) Compute the return on Investment [ROI] for the current year. (Round AOF to 2 decimal places, e.g. 1.5796.) Return on Investment (b) Using the ROI formula, compute the ROI under each of the proposed courses of action. (Round ROT to ] decimal places, eg. 1.5746.) Return on Investment Action 1 Action 2 Action 3 Type here to pearch CABO