Question: Exercise 10-19 The Ferrell Transportation Company uses a responsibility reporting system to measure the performance of its three investment centers: Planes, Taxis, and Limos. Segment

Exercise 10-19 The Ferrell Transportation Company uses a responsibility reporting system to measure the performance of its three investment centers: Planes, Taxis, and Limos. Segment performance is measured using a system of responsibility reports and return on investment calculations. The allocation of resources within the company and the segment managers' bonuses are based in part on the results shown in these reports. Recently, the company was the victim of a computer virus that deleted portions of the company's accounting records. This was discovered when the current period's responsibility reports were being prepared. The printout of the actual operating results appeared as follows. Determine the missing pieces of information below. Planes Taxis Limos Service revenue $503,600 Variable costs 5,504,000 299,700 Contribution margin 249,100 507,062 Controllable fixed costs 1,502,300 Controllable margin 75,000 270,162 Average operating assets 25,045,900 1,500,000 Return on investment 10 % 8 % % Click if you would like to Show Work for this question: Open Show Work
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