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Mervon Company has two operating departments: Mixing and Bottling. Mixing has 375 employees and Bottling has 375 employees. Indirect factory costs include administrative costs of
Mervon Company has two operating departments: Mixing and Bottling. Mixing has 375 employees and Bottling has 375 employees. Indirect factory costs include administrative costs of $192,000. Administrative costs are allocated to operating departments based on the number of workers. Determine the administrative costs allocated to each operating department. % of Department Employees Total Admin. Exp. to Allocate Allocated Amount Mixing 375 % $ 192,000 Bottling 375 % 192,000 Total 750 0.00 % S 0 ces [The following information applies to the questions displayed below] A food manufacturer reports the following for two of its divisions for a recent year. ($ millions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Cheese Division Division $2,662 $4,455 2,593 4,400 2,681 349 3,925 634 1. Compute return on investment. 2. Compute profit margin. 3. Compute Investment turnover for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Check my wa Required 1 Required 2 Required 3. Compute return on investment. (Enter your answers in millions.) = Return on Investment Return on investment Return on Investment Choose Numerator: Choose Denominator: ". Investment Center Operating income Average invested assets Beverage S 349 1 $ 2,593 = Cheese Required 2 > 13.46% 0 Required information Complete uns question by enemy your answers in te taus Delow. of 2 Required 1 Required 2 Required 3 Compute profit margin. (Enter your answers in millions.) Book Choose Numerator: Investment Center Print Beverage erences Cheese Profit Margin Choose Denominator: Profit Margin Profit margin 0 = < Required 1 Required 3> Required information Complete uns question by entering your answers in the aus verow. Required 1 Required 2 Required 3 Compute investment turnover for the year. (Enter your answers in millions.) Choose Numerator: Investment Center Beverage Ces Cheese Investment Turnover Choose Denominator: = Investment Turnover T Investment turnover 0 0 Check my work Prev 9 11 12 of 13 Next >> ARPY
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