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Investment Center A B Sales $ ? $ 11,200,000 Net income $ 399,600 $ ? Average invested assets $ 1,480,000 $ ? Profit margin 10
Investment Center | A | B | |||||
Sales | $ | ? | $ | 11,200,000 | |||
Net income | $ | 399,600 | $ | ? | |||
Average invested assets | $ | 1,480,000 | $ | ? | |||
Profit margin | 10 | % | ? | % | |||
Investment turnover | ? | 1.4 | |||||
Return on investment | ? | % | 14 | % | |||
Use the information in the table above to compute each departments contribution to overhead (both in dollars and as a percent). (Round your final answers to 2 decimal places.)
Profit Margin: Choose Numerator: 1 Choose Denominator: / Investment Center A B Profit Margin = Profit margin 10.00 % Investment Turnover: Choose Numerator: Investment Center 1 Choose Denominator: = Investment Turnover Investment turnover A B 1.40 Return on investment: Choose Numerator: 1 Choose Denominator: Return on investment Investment Center Return on investment % 14.00 % B
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