1. A quantity of a particular raw material was purchased for $44,900. The standard cost of the material was $2.00 per kilogram and there was an unfavorable materials price variance of $3,700. How many kilograms were purchased?

Your Answer:

2. The Jenkins Division recorded operating data as follows for the past year: For the past year, the margin used in ROI calculations was:

	15%
	8.33%
	10%
	5%

3. Tidewater plans to sell 89,000 units of product no. 794 in May, and each of these units requires three units of raw material. Pertinent data follow.

	Product No.794	Raw Material
Actual May 1 inventory	12,000 units	30,000 units
Desired May 31 inventory	17,000 units	23,000 units

On the basis of the information presented, how many units of raw material should Tidewater purchase for use in May production?

Your answer:

4. The Consumer Products Division of Mickolick Corporation had average operating assets of $493,000 and net operating income of $39,000 in August. The minimum required rate of return for performance evaluation purposes is 8%. What was the Consumer Products Division's residual income in August?

Your Answer: