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The Ferrell Transportation Company uses a responsibility reporting system to measure the performance of its three investment centers: Planes, Taxis, and Limos. Segment performance is

The Ferrell 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 companys accounting records. This was discovered when the current periods responsibility reports were being prepared. The printout of the actual operating results appeared as follows. Determine the missing pieces of information below.

Planes

Taxis

Limos

Service revenue

$

$501,500

$

Variable costs

5,493,000

304,800

Contribution margin

252,100

442,552

Controllable fixed costs

1,498,500

Controllable margin

85,000

200,252

Average operating assets

25,032,400

1,540,400

Return on investment

13

%

10

%

%

image text in transcribed

View Policies Current Attempt in Progress The Ferrell 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 appeared as follows. Determine the missing pieces of information below. Planes Taxis Limos Service revenue $ $501,500 $ Variable costs 5,493,000 304,800 Contribution margin 252,100 442,552 Controllable fixed costs 1,498,500 Controllable margin 85,000 200.252 Average operating assets 25,032,400 1,540,400 Return on investment 13 % 10 % % e Textbook and Media Save for Later Attempts: 0 of 1 used Submit

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