1. The top management at Munchie Company, a manufacturer of computer games, is attempting to recover from a flood, which destroyed some of its accounting records. The main computer system was also severely damaged. The following information was salvaged: Sales Net operating Income Total assets Return on investment Return on sales Munchie Company $2,500,000 $1,500,000 ? 0.25 0.60 What is the value of the total assets? a. $4,333,333 b. $6,000,000 C. $6,500,000 d. $7,151,800 2. Randy's Production Company uses a single cost pool for fixed manufacturing overhead. The amount for May 2020 was budgeted at $250.000; however, the actual amount was $350,000. Actual production for May was 12.500 units, and actual machine hours were 10,000. Budgeted production included 17.750 units and 12,375 machine hours. What is the budgeted fixed overhead rate per unit? a $25.00 per unit b. $35.00 per unit c. $20.00 per unit d. $14.08 per unit