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Metis Inc. provided the following information for its manufacturing division: Revenues $664,000 Operating expenses 416,000 Service department charges 91,800 Invested assets 576,000 Assume that Metis

Metis Inc. provided the following information for its manufacturing division: Revenues $664,000 Operating expenses 416,000 Service department charges 91,800 Invested assets 576,000 Assume that Metis Inc. has established 15% as the minimum acceptable return on divisional assets. 


Determine the residual income for the manufacturing division.

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