Laurel and Hardy are managers of two product lines for Keaton Company. One of them is a candidate for promotion based on performance. Using the data below, determine who had the better performance using performance measures such as net income, profit margin, and return on assets. Show your calculations and support your answer.
Definitions:
Common Fixed Expenses
These are expenses that do not vary with production volume or sales volume, shared across different segments of a business.
Differential Cost
The difference in total cost that will result from selecting one alternative over another in decision-making situations.
Alternatives
Various options or choices available in a decision-making process.
Relevant Costs
Costs that will be affected by a decision and are future-oriented.
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