1. Information for Duncan Corporation is shown below:

	20X1
Net Income	$ 400,000
Average Investment	$ 1,000,000
sales revenue	$2,000,000

Calculate capital turnover 

2. Jordan Company has two divisions, which reported the following results for the most recent year.

	Division I	Division II
Income	$ 02,700,000	$ 00,600,000
average capital invested	$ 18,000,000	$ 03,000,000
ROI	15%	20%

Imputed interest rate = 10%

Low residual income, which division is considered to be a better performer?

3. Lebron Co. manufactures product X at the following standard costs:

Direct materials, 20 yards @ ₱13.50 per yard	$ 270
Direct labor, 4 hours @ ₱90.00 per hour	$ 360

The following information corresponds to the month of May:

Direct materials, 18,000 yards at ₱13.80 per yard	$248,400
Direct labor, 2,100 hours at ₱91.50 per hour	$192,150
direct materials used	9,500 yards
Production during May	500 units

What is the direct labor rate variance?

4. Shaq's Cannery, Inc. estimated its factory overhead at ₱510,000 for the year, based on normal capacity of 100,000 direct labor hours. Standard direct labor hours for the year totaled 105,000, while the factory overhead control account at the end of the year showed a balance of ₱540,000.

How much is the over- or under-applied factory overhead during the year?

5. Jordan Stores' monthly income statement is presented below:

	first branch	Second Branch	Total
Sales	$ 1,200,000	$ 800,000	$ 2,000,000
Less: Variable Expenses	$ 0,840,000	$ 360,000	$ 1,200,000
Contribution margin	$ 0,360,000	$ 440,000	$ 0,800,000
Less: Traceable Fixed Expenses	$ 0,210,000	$ 180,000	$ 0,390,000
segment margin	$ 0,150,000	$ 260,000	$ 0,410,000
Less: Common Fixed Expenses	$ 0,180,000	$ 120,000	$ 0,300,000
loss of profit)	$ 0,( 30,000 )	$ 140,000	$ 0,110,000

What is the total common fixed expenses if the First Branch is eliminated?

6. What is the contribution margin in pesos?

Sale Price per Unit	$ 25
Number of units sold	15,000
Contribution margin ratio	30%
Net Income	$ 50,000

7. The following are selected budgeted data for Green Company for the coming year:

budgeted sales	$ 600,000
Sale Price per Unit	$ 12
Fixed costs	$ 150,000
Variable cost per unit	$ 8

What is the break-even point in units?