Oslo Companys Industrial photo-finishing division, Rho, incurred the following costs and expenses in the last year: Variable Fixed Direct materials $200,000 Direct labour 150,000 Manufacturing overhead 70,000 $42,000 General, selling, and administration 30,000 48,000 Total $450,000 $90,000 During the year, Rho produced 300,000 units of industrial photo prints, which were sold for $2.00 each. Rhos operating assets were $500,000 at the start of the year and $700,000 at the end of the year. Oslos minimum required rate of return is 15%.Calculate Rhos return on investment for the year.

Calculate Rhos residual income/loss for the year.

Oslo Company's Industrial photo-finishing division, Rho, incurred the following costs and expenses in the last year: Fixed Variable $200,000 150,000 70,000 $42,000 30,000 $450,000 $90,000 Direct materials Direct labour Manufacturing overhead General, selling, and administration Total 48,000 During the year, Rho produced 300,000 units of industrial photo prints, which were sold for $2.00 each. Rho's operating assets were $500,000 at the start of the year and $700,000 at the end of the year. Oslo's minimum required rate of return is 15%