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What would be the residual income

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Reference no: EM132551069

The Axle Division of LaBate Company makes and sells only one product. Annual data on the Axle Division's single product follow:

Unit Selling Price$50

Unit Variable Cost$30

Total Fixed Costs$200,000

Average Operating Assets$750,000

Minimum Required Rate of Return12%

Question 1: If Axle sells 15,000 units per year, what would be the residual income?

Reference no: EM132551069

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