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Romano Corporation has three operating divisions and requires a 11% return on all investments. Selected information is presented here: Required: Calculate the missing amounts for
Romano Corporation has three operating divisions and requires a 11% return on all investments. Selected information is presented here: Required: Calculate the missing amounts for each division. (Do not round intermediate calculations. Round "Margin", "Turnover" and "Ror" to 2 decimal places.) Division Y Division 2 $ $ $ $ 99,700 Division X 966,000 137,200 569,000 % turnis) 90 Revenues Operating income Operating assets Margin Turnover ROL Residual income $ 307,100 13.00% 200 turn(s) % % 3.00 turn(s) % 38,190 $ Acme Company's production budget for August is 18,000 units and includes the following component unit costs: direct materials, $9.00, direct labor. $11.20; variable overhead, $6.00. Budgeted fixed overhead is $44.000. Actual production in August was 18,400 units. Actual unit component costs incurred during August include direct materials. $9.40; direct labor, $10.00; variable overhead, $6.60. Actual fixed overhead was $46,700. The standard direct material cost per unit consists of 10 pounds of raw material at $0.9 per pound. During August, 216,200 pounds of raw material were used that were purchased at $0.80 per pound. Required: Calculate the materials price variance and materials usage variance for August. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable and "None" for no effect fie, zero variance)) Material price variance Material usaganance oces
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