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Sher Manufacturing Pty Ltd has two retail divisions., which have the following reported results for the year:
Furnishing department Dress making Division
Profit $5,400,000 $9,270,000
Average invested Capital 11,250,000 10,687,500
Problem (i) Calculate the ROI for both divisions
Problem (ii) Calculate residual income assuming the firm requires a return of 12% on invested capital
Problem (iii) Which was the more successful division? Explain.
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Prepare journal entries to record the transactions for April and post them to the ledger accounts . The company records prepaid and unearned items.
Prepare a report that presents value-added, non-value-added, and actual costs for purchasing. Explain why highlighting the non-value-added costs is important.
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How do prepare journal entries to record item? Dillon Products manufactures various machined parts to customer specifications.
Using the straight-line method of depreciation, calculate the amount to be recorded as depreciation expense at December 31, 2019.
Compute the direct materials price and quantity variances for the year. Compute the direct labour rate and efficiency variances for the year.
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