Question 7 The Swifty Transportation Company uses a responsibility reporting system to measure the performance...
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Question 7 The Swifty Transportation Company uses a responsibility reporting system to measure the performance of its three investment centers: Planes, Taxis, and Limos. Segment performance is measured using a system of responsibility reports and return on investment calculations. The allocation of resources within the company and the segment managers' bonuses are based in part on the results shown in these reports. Recently, the company was the victim of a computer virus that deleted portions of the company's accounting records. This was discovered when the current period's responsibility reports were being prepared. The printout of the actual operating results appeared as follows. Determine the missing pieces of information below. Planes Taxis Limos Service revenue $498,800 Variable costs 5,505,300 299,600 Contribution margin 249,700 432,856 Controllable fixed costs 1,496,700 Controllable margin 84,000 188,656 Average operating assets 24,953,600 1,451,200 Return on investment 13 % 10 % Click if you would like to Show Work for this question: Open Show Work
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