Calculate the Return on Investment from the following responsibility report data using total revenue as the base:Responsibility report dataAccountActualRevenuesClothing revenue$473,158Clothing accessories revenue18,757ExpensesAssociates wages$41,704Managers wages22,906Cost of clothing sold254,631Cost of accessories sold5,969Equipment/fixture repairs960Utilities1,539Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.

Return on Investment(taking revenue as base)=Total Revenue-Total ExpensesTotal Revenue×100

Calculate the Return on Investment from the following responsibility report data using total revenue as the base: Responsibility report data Account Actual Revenues Clothing revenue $473,158 Clothing accessories revenue 18,757 Expenses Associates wages $41,704 22,906 Managers wages Cost of clothing sold 254,631 Cost of accessories sold 5,969 960 Equipment/fixture repairs lUtilities 1,539 Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.

Calculate the Return on Investment from the following responsibility report data using total revenue as the base: Responsibility report data Account Actual Revenues Clothing revenue $473,158 Clothing accessories revenue 18,757 Expenses Associates wages $41,704 22,906 Managers wages Cost of clothing sold 254,631 Cost of accessories sold 5,969 960 Equipment/fixture repairs lUtilities 1,539 Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter13: Emerging Topics In Managerial Accounting

Section: Chapter Questions

Problem 28BEB: Quality Cost Report Loring Company had total sales of 2,400,000 for fiscal 20X1. The costs of...

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