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Utease Corporation has many production plants across the midwestern United States. A newly opened plant, the Bellingham plant, produces and sells one product. The plant is treated, for responsibility accounting purposes, as a profit center. The unit standard costs for a production unit, with overhead applied based on direct labor hours, are as follows:
Assume this is the first year of operations for the Bellingham plant. During the year, the company had the following activity:
In addition, all over- or underapplied overhead and all product cost variances are adjusted to cost of goods sold.
1. Find the total over- or underapplied (both fixed and variable) overhead
2. Calculate the actual plant operating profit for the year 3. Prepare a flexible budget for the Bellingham plant for its first year of operations .Assume Utease Corporation is planning to change its evaluation of business operations in all plants from the profit center format to the investment center format. If the average invested capital at the Bellingham plant is $9,430,000, compute the return on investment (ROI) for the first year of operations. Use the DuPont method of evaluation to compute the return on sales (ROS) and capital turnover (CT) for the plant in terms of percentage.
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