Question
The Qi Division of Tiana Company has the following data related to a particular period: Average invested capital $ 694,682 Imputed interest rate 11.9 %
The Qi Division of Tiana Company has the following data related to a particular period:
Average invested capital | $ | 694,682 | |
Imputed interest rate | 11.9 | % | |
Revenues | $ | 2,192,538 | |
Variable costs | $ | 1,028,947 | |
Fixed costs related solely to the division | $ | 658,938 |
Calculate the amount of residual income for the Qi Division for the period.
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Access For Computer Accounting
Authors: Donna Kay
19th Edition
1259741109, 9781259741104
