Chapter 23 Exercises

Chapter 23 Exercises - $1,100,000 $162,400 $406,000...

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E23-16 (10-15 min) Req. 1 Flexible Budget Flexible Variance % Variance Racer – Subunit X Actual Budget (U or F) (U or F) Direct materials $28,600 $26,800 $1,800 U 6.72% % U Direct labor 13,100 13,900 ($800) F -5.76% % F Indirect labor 26,300 23,000 $3,300 U 14.35% % U Utilities 12,300 11,200 $1,100 U 9.82% % U Depreciation 30,000 30,000 $0 0.00% % Repairs and maintenance 4,500 5,600 ($1,100) F -19.64% % F Total $114,800 $110,500 4,300 U 3.89% % U
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E23-18 (10-15 min) Sales Total Assets Current Liabilities Residential $580,000 $63,700 $196,000 $66,000 Professional
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Unformatted text preview: $1,100,000 $162,400 $406,000 $147,000 Residential Division Professional Division Req. 1 Req. 2 Req. 3 Req. 1 Req. 2 Req. 3 ROI = Profit Margin x Capital Turnover ROI = Profit Margin x Capital Turnover = Operating Income / Sales x Sales / Total Assets = Operating Income / Sales x Sales / Total Assets = $63,700 / $580,000 x $580,000 / $196,000 = $162,400 / $1,100,000 x $1,100,000 / $406,000 = 0.1098 x 2.9592 = 0.1476 x 2.7094 = 0.3250 = 0.4000 Operating Income...
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Chapter 23 Exercises - $1,100,000 $162,400 $406,000...

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