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Calculate the residual income reported by Division

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Question - Division 1-A2 of JPT, Inc. reported the following information during 2024:

Selling price per unit $25

Variable costs per unit $7

Minimum required rate of return 16%

Turnover 1.80

Fixed costs $148,500

Units sold 18,000

Part A) Calculate the residual income reported by Division 1-A2 in 2024.

Part B) Calculate the number of units Division 1-A2 needed to sell in 2024 in order to have a margin equal to 27%.

Reference no: EM132607827

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