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Profit Margin, Investment Turnover, and ROI Briggs Company has income from operations of $57,246, invested assets of $282,000, and sales of $817,800. Use the DuPont

Profit Margin, Investment Turnover, and ROI

Briggs Company has income from operations of $57,246, invested assets of $282,000, and sales of $817,800. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places.

a. Profit margin %
b. Investment turnover
c. Return on investment %

Direct Materials Variances

Bellingham Company produces a product that requires six standard pounds per unit. The standard price is $9.5 per pound. If 2,000 units used 11,600 pounds, which were purchased at $9.88 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

a. Direct materials price variance $
b. Direct materials quantity variance $
c. Direct materials cost variance $

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