Hamilton and Battles, Ltd. produces and sells two productsâguitar cases and violin cases. Each of these products is made in a dedicated manufacturing facility, and the product line managers are evaluated based on the product lineâs return on investment. The following data is from the most recent year of operations.
Guitar Cases | Violin Cases | Sales | $3,036,000 | $4,540,000 | Variable costs | 1,223,000 | 2,715,000 | Direct fixed costs | 1,443,700 | 1,533,200 | Average assets | 2,000,000 | 1,500,000 |
|
|
| |
| (a) Calculate the margin and asset turnover for each product line. (Round answers to 2 decimal places, e.g. 5.12 and 5.12%.)
Guitar Cases | Violin Cases | Margin | % | % | Asset turnover |
|
|
|