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Cornerstones of Cost Management (C...

4th Edition
Don R. Hansen + 1 other
Publisher: Cengage Learning
ISBN: 9781305970663

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Cornerstones of Cost Management (C...

4th Edition
Don R. Hansen + 1 other
Publisher: Cengage Learning
ISBN: 9781305970663
Chapter 10, Problem 22E
Textbook Problem
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Anders Company provided the following information:

Chapter 10, Problem 22E, Anders Company provided the following information: What is margin? a. 5.6% b. 11.2% c. 8% d. Cannot

What is margin?

  1. a. 5.6%
  2. b. 11.2%
  3. c. 8%
  4. d. Cannot be determined from the above information.

To determine

Identify the margin.

Explanation of Solution

Margin: It is an amount income generated by a dollar of sales. It is calculated as follows:

Margin=IncomeSales

Given information, turnover is 1.4; average operating assets are $120,000, and operating income $6,720.

Compute the sales:

Turnover = SalesAverage Operating Assets1.4=Sales$120,000Sales=(1

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Chapter 10 Solutions

Cornerstones of Cost Management (Cornerstones Series)
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