Question
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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