PRINTER VERSION BACK NEXT Exercise 18.17 ROI, residual income, breakeven point, contribution margin Mersey Company's industrial photofinishing division, Vale, incurred the following costs and expenses in the last period. Fixed Direct materials Direct labour Factory overhead General, selling, and administrative Totals Variable $276,000 207,000 96,600 41,400 $621,000 $57,960 66.240 $124.200 During the period, Vale produced 414,000 units of industrial photo prints, which were sold for $2 each. Mersey's investment in Vale was $690,000 and $966,000 at the beginning and ending of the year, respectively. Mersey's weighted average cost of capital is 15%. Required Determine Vale's return on investment for the year. (Round answer to o decimal places.) % Calculate Vale's residual income (loss) for the year. (If answer is negative, please use parenthesis. Round answer to o decimal places.) How many industrial photo print units did Vale have to sell during the year to break even? (Round answer to 0 decimal places.) units What was Vale's contribution margin for the year? (Round answer to o decimal places.) Question Attempts Unlimited SAVE POR LATER SUBMIT