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Fill in the blanks in the schedule below for two separate investment centers A and B. Investment Center B Sales $? Income $ 12,300,000 $
Fill in the blanks in the schedule below for two separate investment centers A and B. Investment Center B Sales $? Income $ 12,300,000 $ 604,200 $? Average assets $ 1,590,000 $? Profit margin 10% X Investment turnover 2 1.4 Return on investment ?X 14 Use the information in the table above to compute each department's contribution to overhead (both in dollars and as a percent), (Round your final answers to 2 decimal places.) Profit Margin: Numerator: Denominator: Investment Center Profit Margin = Profit margin 10.00 % % B Investment Turnover: Numerator: Denominator: Investment Turnover Investment Center = Investment turnover A B 1.40 Return on investment: Numerator: Denominator: Return on investment Investment Center = Return on investment A % B 14.00 %
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