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Prepare missing amounts in responsibility reports for three investment centers. E10.19 (LO 4), AN Service The Ferrell Transportation Company uses a responsibility reporting sys- tem
Prepare missing amounts in responsibility reports for three investment centers. E10.19 (LO 4), AN Service The Ferrell Transportation Company uses a responsibility reporting sys- tem to measure the performance of its three investment centers: Planes, Taxis, and Limos. Segment performance is measured using a system of responsibility reports and return on investment calculations. The allocation of resources within the company and the segment managers' bonuses are based in part on the results shown in these reports. Recently, the company was the victim of a computer virus that deleted portions of the company's accounting records. This was discovered when the current period's responsibility reports were being prepared. The printout of the actual operating results appeared as follows. Planes Taxis Limos Service revenue Variable costs Contribution margin Controllable fixed costs Controllable margin Average operating assets Return on investment $ ? 5,500,000 ? 1,500,000 ? 25,000,000 $500,000 ? 250,000 ? 80,000 ? 10% $ ? 300,000 480,000 ? 210,000 1,500,000 ? 12% Instructions Determine the missing pieces of information above
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