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1) Georgia Company's costs were over budget by $16,300

Accounting

1) Georgia Company's costs were over budget by $16,300. The company is divided into Left and Right regions. The Left Region's costs were under budget by $1,300.

Determine the amount that the Right Region's costs were over or under budget.

$___________ (over budget/underbudget)

2) The centralized employee Travel Department of Ohno Company has expenses of $210,000. The department has serviced a total of 15,000 travel reservations for the period. The South Division has made 7,500 reservations during the period, and the West Division has made 7,500 reservations.

How much should each division be charged for travel services? Do not round interim calculations.

South Division: $__________

West Division: $__________

3) Cash Company has income from operations of $67,045, invested assets of $265,000, and sales of $609,500. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places.

a) Profit margin: ________%

b) Investment turnover: _________

c) Return on investment: _________ %

4) The Consumer Division of Galena Company has income from operations of $201,550 and assets of $408,000. The minimum acceptable return on assets is 13%.

What is the residual income for the division?: __________

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