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Question 34 of 50 -/8 E! The Grouper Transportation Company uses a responsibility reporting system to measure the performance of its three investment centers:
Question 34 of 50 -/8 E! The Grouper Transportation Company uses a responsibility reporting system 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, with question marks for missing amounts, appeared as follows. Determine the missing pieces of information below. Planes Service revenue Variable costs 5,500,400 Contribution margin Controllable fixed 1,504,500 costs Controllable margin Average operating 24,973,800 assets Return on investment Taxis Limos $501,200 295,600 245,500 497,251 79,000 260,151 13 % 8 % 1,530,300 %
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