Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

FACTS -- An investment center for Tiger, Inc. started the year with $1,750,000 in operating assets and finished the year with $2,200,000 in operating assets.

image text in transcribed

FACTS -- An investment center for Tiger, Inc. started the year with $1,750,000 in operating assets and finished the year with $2,200,000 in operating assets. The following financial information is for that investment center of Tiger, Inc.: Budgeted Actual Sales $ 1,000,000.00 $ 950,000.00 VC COGS Selling and Admin Total $ 350,000.00 $ 160,000.00 $ 510,000.00 $360,000.00 $ 155,000.00 $ 515,000.00 Controllable FC COGS Selling and Admin Other Fixed Costs Total $ 100,000.00 $ 80,000.00 $ 60,000.00 $ 240,000.00 $ 100,000.00 $ 80,000.00 $ 60,000.00 $ 240,000.00 4. 5. 6. 7. What is the budgeted contribution margin for the investment center? What is the actual controllable margin for the investment center? What is the actual ROI (i.e., return on investment) for the investment center? Expressed as a positive number, what is the difference between the budgeted ROI for the investment center and the actual ROI for the investment center

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

9781285586618

Students also viewed these Accounting questions

Question

Why do some people resist change?

Answered: 1 week ago