Service Department Charges The centralized computer tech nology department of Hardy Company has expenses of...
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Service Department Charges The centralized computer tech nology department of Hardy Company has expenses of $233,800. The department has provided a total of 16,700 hours of service for the period. The Retail Division has used 8,350 hours of computer technology service during the period, and the Commercial Division has used 8,350 hours of computer technology service. How much should each division be charged for computer tech nology department services? Do not round interim calculations. Retail Division Commercial Division Profit Margin, Investment Turnover, and ROI Briggs Company has income from operations of $121,656, invested assets of $274,000, and sales of $1,013,800. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places. a. Profit margin % b. Investment turnover c. Return on investment Residual Income The Commercial Division of Galena Company has income from operations of $44,420 and assets of $167,000. The minimum acceptable return on assets is 7%. What is the residual income for the division
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