Please do not give solution in image format thanku Optimus Company manufactures a variety of tools and industrial equipment. The company operates through three divisions. Eachdivision is an investment center. Operating data for the Home Division for the year ended December 31, 2020, and relevant budget dataare as follows.SalesActualVariable cost of goods soldVariable selling and administrative expensesControllable fixed cost of goods sold169,000Controllable fixed selling and administrative expenses 81,000(1)(2)(3)$1,400,000Variable cost of goods sold is decreased by 6%.Average operating assets are decreased by 20.0%.670,000124,000Comparison with Budget$100,00056,00026,000On targetOn targetfavorableAverage operating assets for the year for the Home Division were $2,000,000 which was also the budgetedCompute the expected ROIin 2020 for the Home Division, assuming the following independent changes to actual data. (Round ROI to 2 decimal places, e.g.1.57%.)Sales are increased by $199,000, and this increase is expected to increase contribution marginby $86,000.unfavorableunfavorableThe expectedROI%%

RETURN ON INVESTMENT Return on Investment is the Ratio between Net Income & Average Operating…

Optimus Company manufactures a variety of tools and industrial equipment. The company operates through three divisions. Each division is an investment center. Operating data for the Home Division for the year ended December 31, 2020, and relevant budget data are as follows. Sales Actual $1,400,000 Variable cost of goods sold Variable selling and administrative expenses Controllable fixed cost of goods sold 169,000 Controllable fixed selling and administrative expenses 81,000 (1) (2) (3) 670,000 124,000 Comparison with Budget $100,000 56,000 26,000 On target On target favorable Variable cost of goods sold is decreased by 6%. Average operating assets are decreased by 20.0%. Sales are increased by $199,000, and this increase is expected to increase contribution margin by $86,000. unfavorable Average operating assets for the year for the Home Division were $2,000,000 which was also the budgeted Compute the expected ROI in 2020 for the Home Division, assuming the following independent changes to actual data. (Round ROI to 2 decimal places, e.g. 1.57%.) unfavorable The expected ROI % %

Optimus Company manufactures a variety of tools and industrial equipment. The company operates through three divisions. Each division is an investment center. Operating data for the Home Division for the year ended December 31, 2020, and relevant budget data are as follows. Sales Actual $1,400,000 Variable cost of goods sold Variable selling and administrative expenses Controllable fixed cost of goods sold 169,000 Controllable fixed selling and administrative expenses 81,000 (1) (2) (3) 670,000 124,000 Comparison with Budget $100,000 56,000 26,000 On target On target favorable Variable cost of goods sold is decreased by 6%. Average operating assets are decreased by 20.0%. Sales are increased by $199,000, and this increase is expected to increase contribution margin by $86,000. unfavorable Average operating assets for the year for the Home Division were $2,000,000 which was also the budgeted Compute the expected ROI in 2020 for the Home Division, assuming the following independent changes to actual data. (Round ROI to 2 decimal places, e.g. 1.57%.) unfavorable The expected ROI % %

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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