Your answer $is$ incorrect.

Compute ROI assuming the division $isan$ investment center, and average operating assets were $$1,204,000.(Round$ answer $to1$

decimal place, $e.g.52\mathrm{.}7.)$

ROI

$\%$

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The Real Estate Products Division $of$ Ivanhoe $Co.is$ operated $as$ a profit center. Sales for the division were budgeted for $2022at$

$$1,260,000$$$618,000$ $$136,000$ for cost $of$ goods sold, $$126,000$ for selling and administrative costs, and $$99,000$

for noncontrollable fixed costs. Actual results for these items were $as$ follows:

Cost $of$ goods sold

Selling and administrative

$(a)$

$

Variable Costs

Cost $of$ Goods Sold

Contribution Margin

Controllable Fixed Costs

Cost $of$ Goods Sold

Selling and Administrative

Controllable Margin

$

$