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Investment Center A B Sales $ ? $ 11,500,000 Net income $ 453,000 $ ? Average invested assets $ 1,510,000 $ ? Profit margin 6
Investment Center | |||||||
A | B | ||||||
Sales | $ | ? | $ | 11,500,000 | |||
Net income | $ | 453,000 | $ | ? | |||
Average invested assets | $ | 1,510,000 | $ | ? | |||
Profit margin | 6 | % | ? | % | |||
Investment turnover | ? | 2.0 | |||||
Return on investment | ? | % | 12 | % | |||
Use the information in the following table 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 / Choose Denominator: = Profit Margin Investment Center Profit margin 6.00% Investment Turnover: Choose Numerator: = Investment Turnover 1 Choose Denominator: ID Investment Center = Investment turnover 2.00 Return on investment: Choose Numerator: I Choose Denominator: Return on investment Investment Center = Return on investment A 12.00%Step by Step Solution
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