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  3. 4. our company makes two recreational products, a

4. Our company makes two recreational products, a Snowmobile and an ATV. To make Snowmobiles,...

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4. Our company makes two recreational products, a Snowmobile and an ATV. To make Snowmobiles, we use assets of $150,000,000 (1/1/20) and assets of $182,000,000 (12/31/20). We define investment as average assets for the year. Other costs to make snowmobiles are: Direct materials Set-up Production $1,700 / unit $725 per setup-hour $275 per machine-hour. General and administrative costs for the Snowmobile Division for 2002 are $3,250,000. We produced 18,500 snowmobiles, using 4,300 set-up hours and 213,000 production machine-hours. We sold the snowmobiles for $16,500 each. Return on investment for the Snowmobile Division is % (return to 1/100 of 1%) The residual income for Snowmobiles is $ if the cost of capital is 12%

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