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Division A of ABC Company sold 79,000 units during the most recent year. The selling...

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Accounting

Division A of ABC Company sold 79,000 units during the most recent year. The selling price was $20 per unit and the per unit variable costs were $8. The fixed costs totaled $10,000. Division A reported a turnover of 4 for the most recent year and the minimum required rate of return was 22%. Calculate the residual income reported by Division A during the most recent year.

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