Owen Audio shows the following information for its two divisions for year 1. Sales revenue Cost...

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Owen Audio shows the following information for its two divisions for year 1. Sales revenue Cost of sales Selling, General and Administrative Allocated corporate overhead Commercial Division Consumer Division $ 1,867,200 1,120,320 $ 5,912,800 3,792,100 288,400 130,080 361,840 411,920 Required: a. Compute divisional operating income for the two divisions. Ignore taxes. b-1. What are the gross margin and operating margin percentages for both divisions? b-2. How well have these divisions performed? Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Compute divisional operating income for the two divisions. Ignore taxes. Consumer Division Commercial Division Operating income < Req A Req B1 > Owen Audio shows the following information for its two divisions for year 1. Sales revenue Cost of sales Selling, General and Administrative Allocated corporate overhead Commercial Division Consumer Division $ 1,867,200 1,120,320 $ 5,912,800 3,792,100 288,400 130,080 361,840 411,920 Required: a. Compute divisional operating income for the two divisions. Ignore taxes. b-1. What are the gross margin and operating margin percentages for both divisions? b-2. How well have these divisions performed? Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Compute divisional operating income for the two divisions. Ignore taxes. Consumer Division Commercial Division Operating income < Req A Req B1 >

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To solve the problem lets first calculate the divisional operating income for each division Then well compute the gross margin and operating margin pe... View the full answer