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1.
Concept Introduction:
Return on investment is a profitability ratio that represents the percentage return on the investment made. It is calculated by dividing the Net Income by the Average total assets. The formulas to calculate the ROI are as follows:
Or
To Calculate: the markup required to achieve the desired ROI.
2.
Concept Introduction:
Return on investment (ROI):
Return on investment is a profitability ratio that represents the percentage return on the investment made. It is calculated by dividing the Net Income by the Average total assets. The formulas to calculate the ROI are as follows:
Or
Requirement-2:
To calculate: the selling price.
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Chapter A Solutions
GEN COMBO MANAGERIAL ACCOUNTING FOR MANAGERS; CONNECT 1S ACCESS CARD
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- Please given answer general accountingarrow_forwardCrowd Company applies overhead based on direct labor cost. Estimated overhead and direct labor costs for the year were $123,500 and $138,000, respectively. During the year, actual overhead was $114,400, and actual direct labor cost was $133,000. The entry to close the over- or underapplied overhead at year-end, assuming an immaterial amount, would include: Answerarrow_forwardX Company has two production departments, 1 and 2. Listed below are budgeted information for the two departments, and actual information for one of its products, Product X: Department 1 All Products Product X Overhead $4,320,000 Direct labor $600,000 $10,800 Direct labor hours 55,000 925 Machine hours 100,000 1,020 Units produced 56,000 650 Department 2 Overhead $2,530,000 - Direct labor $600,000 $3,840 Direct labor hours 55,000 345 Machine hours 133,000 850 Units produced 32,000 650 Using a plant-wide allocation system with direct labor hours as the cost driver, what was the allocation to Product X?arrow_forward
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