differentiate between income, cost, profit and investment centre.
differentiate between income, cost, profit and investment centre.
Homework Answers
Income Centre: Income center of a company is responsible for generating revenue only. It has no major costs assigned to it.
Cost Centre: Cost Centre is a part of organisation to which costs are assigned for accounting purposes.
Profit Centre: Profit centre is a standalone branch of a company which is responsible for generating revenue as well as incurring costs and generating profit.
Investment Centre: Investment centre is responsible for invensting activities and its Key performance indicator is return on investment.
2. Differentiate between the terms "revenue" and "profit." Assume that a firm sells 20 units of...
2. Differentiate between the terms "revenue" and "profit." Assume that a firm sells 20 units of a good at a price of $4 per unit. If the average total cost of the firm is $2.50 per unit, calculate the firm's profit. I
Question 1 Differentiate between the concept of “cost accumulation” and “accumulated costs”. [4 marks] Differentiate between...
Question 1 Differentiate between the concept of “cost accumulation” and “accumulated costs”. [4 marks] Differentiate between the cost behaviour of fixed versus variable costs.[4 marks] Question 2 Explain why it is important for a cost accountant to identify properly the cost drivers for the purpose of cost estimation.[8 marks] Question 3 Explain the various categories of environmental costs.[8 marks] Question 4 Explain why businesses are encouraged to adopt Activity Based Budgeting. [8 marks] Question 5 Explain why many companies use...
Profit Margin, Investment Turnover, and Return on Investment The condensed income statement for the Consumer Products...
Profit Margin, Investment Turnover, and Return on Investment The condensed income statement for the Consumer Products Division of Tri-State Industries Inc. is as follows (assuming no support department allocations): Sales $996,000 Cost of goods sold (448,200) Gross profit $547,800 Administrative expenses (199,200) Operating income $348,600 The manager of the Consumer Products Division is considering ways to increase the return on investment. a. Using the DuPont formula for return on investment, determine the profit margin, investment turnover, and return on investment...
Profit Margin, Investment Turnover, and return on investment The condensed income statement for the Consumer Products...
Profit Margin, Investment Turnover, and return on investment The condensed income statement for the Consumer Products Division of Fargo Industries Inc. is as follows (assuming no service department charges): Sales $1,518,000 Cost of goods sold 683,100 Gross profit $834,900 Administrative expenses 303,600 Income from operations $531,300 The manager of the Consumer Products Division is considering ways to increase the return on investment. a. Using the DuPont formula for return on investment, determine the profit margin, investment turnover, and return on...
Profit Margin, Investment Turnover, and return on investment The condensed income statement for the Consumer Products...
Profit Margin, Investment Turnover, and return on investment The condensed income statement for the Consumer Products Division of Fargo Industries Inc. is as follows (assuming no service department charges): Sales $1,992,000 Cost of goods sold 896,400 Gross profit $1,095,600 Administrative expenses 498,000 Income from operations $597,600 The manager of the Consumer Products Division is considering ways to increase the return on investment. a. Using the DuPont formula for return on investment, determine the profit margin, investment turnover, and return on...
Profit Margin, Investment Turnover, and return on investment The condensed income statement for the Consumer Products...
Profit Margin, Investment Turnover, and return on investment The condensed income statement for the Consumer Products Division of Fargo Industries Inc. is as follows (assuming no service department charges): Sales $1,704,000 Cost of goods sold 766,800 Gross profit $937,200 Administrative expenses 596,400 Income from operations $340,800 The manager of the Consumer Products Division is considering ways to increase the return on investment. a. Using the DuPont formula for return on investment, determine the profit margin, investment turnover, and return on...
a. Differentiate between investment casting and continuous casting for the manufacture of cast metal alloys. Under...
a. Differentiate between investment casting and continuous casting for the manufacture of cast metal alloys. Under what conditions would each be the preferred process?
Profit Margin, Investment Turnover, and Return on Investment The condensed income statement for the Consumer Products...
Profit Margin, Investment Turnover, and Return on Investment The condensed income statement for the Consumer Products Division of Tri-State Industries Inc. is as follows (assuming no support department allocations): Sales Cost of goods sold Gross profit Administrative expenses Operating income $230,000,000 (126,500,000) $103,500,000 (64,400,000) $39,100,000 The manager of the Consumer Products Division is considering ways to increase the return on investment. a. Using the DuPont formula for return on investment, determine the profit margin, investment turnover, and return on investment...
Profit Margin, Investment Turnover, and Return on Investment The condensed income statement for the Consumer Products Di...
Profit Margin, Investment Turnover, and Return on Investment The condensed income statement for the Consumer Products Division of Tri-State Industries Inc. is as follows (assuming no support department allocations): Sales $1,920,000 Cost of goods sold (864,000) Gross profit $1,056,000 Administrative expenses (384,000) Operating income $672,000 The manager of the Consumer Products Division is considering ways to increase the return on investment. a. Using the DuPont formula for return on investment, determine the profit margin, investment turnover, and return on investment...
Profit Margin, Investment Turnover, and Return on Investment The condensed income statement for the Consumer Products D...
Profit Margin, Investment Turnover, and Return on Investment The condensed income statement for the Consumer Products Division of Tri-State Industries Inc. is as follows (assuming no support department allocations): Sales $1,674,000 Cost of goods sold Gross profit Administrative expenses (753,300) $920,700 (418,500) Operating income $502,200 The manager of the Consumer Products Division is considering ways to increase the return on investment. a. Using the DuPont formula for return on investment, determine the profit margin, investment turnover, and return on investment...
2. Differentiate between the terms "revenue" and "profit." Assume that a firm sells 20 units of a good at a price of $4 per unit. If the average total cost of the firm is $2.50 per unit, calculate the firm's profit. I
Profit Margin, Investment Turnover, and return on investment The condensed income statement for the Consumer Products Division of Fargo Industries Inc. is as follows (assuming no service department charges): Sales $1,518,000 Cost of goods sold 683,100 Gross profit $834,900 Administrative expenses 303,600 Income from operations $531,300 The manager of the Consumer Products Division is considering ways to increase the return on investment. a. Using the DuPont formula for return on investment, determine the profit margin, investment turnover, and return on...
a. Differentiate between investment casting and continuous casting for the manufacture of cast metal alloys. Under what conditions would each be the preferred process?
Profit Margin, Investment Turnover, and Return on Investment The condensed income statement for the Consumer Products Division of Tri-State Industries Inc. is as follows (assuming no support department allocations): Sales Cost of goods sold Gross profit Administrative expenses Operating income $230,000,000 (126,500,000) $103,500,000 (64,400,000) $39,100,000 The manager of the Consumer Products Division is considering ways to increase the return on investment. a. Using the DuPont formula for return on investment, determine the profit margin, investment turnover, and return on investment...
Profit Margin, Investment Turnover, and Return on Investment The condensed income statement for the Consumer Products Division of Tri-State Industries Inc. is as follows (assuming no support department allocations): Sales $1,674,000 Cost of goods sold Gross profit Administrative expenses (753,300) $920,700 (418,500) Operating income $502,200 The manager of the Consumer Products Division is considering ways to increase the return on investment. a. Using the DuPont formula for return on investment, determine the profit margin, investment turnover, and return on investment...
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