D. The Hilal Company uses a responsibility reporting system to measure the performance of its threeinvestment centers: A, B, and C. Segment performance is measured using a system of responsibility reportsand return on investment calculations. The allocation of resources within the company and the segmentmanagers' 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'saccounting records. This was discovered when the current period's responsibility reports were beingprepared. The printout of the actual operating results appeared as follows.AService revenue24$450,000$ ?Variable costs5,000,000320,000Contribution margin180,000380,000Controllable fixed costs1,500,000Controllable margin70,000176,000Average operating assets25,000,0001,600,000Return on investment12%10%InstructionsDetermine the missing pieces of information above.

Responsibility Accounting It can be defined as the system under which the departmental heads are…

A B Service revenue 24 $450,000 $ ? Variable costs 5,000,000 320,000 Contribution margin 180,000 380,000 Controllable fixed costs 1,500,000 Controllable margin 70,000 176,000 Average operating assets 25,000,000 1,600,000 Return on investment 12% 10% Instructions Determine the missing pieces of information above.

A B Service revenue 24 $450,000 $ ? Variable costs 5,000,000 320,000 Contribution margin 180,000 380,000 Controllable fixed costs 1,500,000 Controllable margin 70,000 176,000 Average operating assets 25,000,000 1,600,000 Return on investment 12% 10% Instructions Determine the missing pieces of information above.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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