Please help me answer this Week 5 homework Quiz for Cost Accounting 321 I need it by tonight. Thank you.

Homework Quiz Week 5 Which one of the following best identifies a profit center? A. B. C. D. The Information Technology Department of a large consumer products company. A large toy company. The Production Operations Department of a small job-order machine shop company. A new car sales division for a large local auto agency. A manager who is accountable for both income statement and balance sheet items is responsible for a(n) A. Cost center. B. Investment center. C. Profit center. D. Revenue center. An entity's income statement for profit center No. 12 for August includes Contribution margin $84,000 Manager's salary 24,000 Depreciation on accommodations 9,600 Allocated corporate expenses 6,000 The profit center's manager is most likely able to control which of the following? A. $84,000 B. $68,400 C. $60,000 D. $44,400 Data available for the current year are presented below. Whole Company Variable manufacturing cost of goods sold Unallocated costs (e.g., president's salary) $ 400,000 Division 1 Division 2 $220,000 $180,000 90,000 50,000 40,000 1,000,000 600,000 400,000 130,000 70,000 60,000 120,000 70,000 50,000 100,000 Fixed costs controllable by division managers (e.g., advertising, engineering supervision costs) Net revenue Variable selling and administrative costs Fixed costs controllable by others (e.g., depreciation, insurance) Based upon the information presented above, the contribution margin for the company was A. $400,000 B. $470,000 C. $530,000 D. $600,000 A firm earning a profit can increase its return on investment by A. B. C. Increasing sales revenue and operating expenses by the same dollar amount. Decreasing sales revenues and operating expenses by the same percentage. Increasing investment and operating expenses by the same dollar amount. D. Increasing sales revenues and operating expenses by the same percentage. One approach to measuring divisional performance is return on investment. Return on investment is expressed as operating income A. B. Divided by the current year's capital expenditures plus cost of capital. Minus imputed interest charged for invested capital. C. Divided by fixed assets. D. Divided by total assets. Performance results for four geographic divisions of a manufacturing company are shown below. Target Return Actual Return Return Division on Investment on Investment on Sales A 18% 18.1% 8% B 16 20.0 8 C 14 15.8 6 D 12 11.0 9 The division with the best performance is A. Division A. B. Division B. C. Division C. D. Division D. The financial results for the four regional divisions are shown below. North South East West Net profit $1,000 $ 5,000 $4,00 $ 7,500 0 Assets 2,500 15,000 8,000 25,000 Liabilities 500 7,000 1,000 5,000 Total equity 2,000 8,000 7,000 20,000 Which division has the lowest return on investment? A. North. B. South. C. East. D. West. Which of the following management practices involves concentrating on areas that deserve attention and placing less attention on areas operating as expected? A. Management by objectives. B. Responsibility accounting. C. Benchmarking. D. Management by exception. Edith Carolina, president of the Deed Corporation, requires a minimum return on investment of 8% for any project to be undertaken by her company. The company is decentralized, and leaves investment decisions up to the discretion of the division managers as long as the 8% return is expected to be realized. Michael Sanders, manager of the Cosmetics Division, has had a return on investment of 14% for his division for the past 3 years and expects the division to have the same return in the coming year. Sanders has the opportunity to invest in a new line of cosmetics that is expected to have a return on investment of 12%. If the Deed Corporation evaluates managerial performance using return on investment, what will be the preference for taking on the proposed cosmetics line by Edith Carolina and Michael Sanders? Carolin Sanders a A. Accept Reject B. Reject Accept C. AcceptAccept D. Reject Reject