[The following information applies to the questions displayed below] A food manufacturer reports the following for two of its divisions for a recent year (5 millions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Cheese Division Division $2,662 $4,455 2,593 4,400 2,681 3,925 349 634 Submit Check my work Assume that each of the company's divisions has a required rate of return of 7% Compute residual income for each division (Enter your answers in millions.) (5 millions) Targeted retur Beverage Cheese Target income Residual Income Beverage Prev Cheese 8 12 Next > Assume that each of the company's divisions has a required rate of return of 7%. Compute residual income for each division. (Enter your answers in millions.) ($ millions) Targeted return Beverage Cheese Target income Residual Income Beverage Cheese Residual income 85 of 13 Next > Jose Ruiz manages a car dealer's service department. His department is organized as a cost center. Costs for a recent quarter are shown below. Cost of parts Mechanics' wages Manager's salary Building depreciation (allocated) Shop supplies Utilities (allocated) Administrative costs (allocated) $23,400 15,300 9,000 5,500 2,200 1,8001 3,200 Calculate the total costs that would appear on a responsibility accounting report for the service department. Total controllable costs