15.

Kevin company manufactures and sells one product. The following information pertains to the company's first year of operations:

Selling price per unit	$100
Variable costs per unit:
Manufacturing:
Direct materials	$8
Direct labor	$20
Variable manufacturing overhead	$11
Variable selling and administrative expense	$18
Fixed costs per year:
Fixed manufacturing overhead	$48,000
Selling and administrative expense	$72,200

Production	6,000 units
Sales	4,500 units

(Q.) What is net operating income under variable costing in the first year?

16.

The following data are average times per order over the last month for Gamora Corp.

	days
Queue time	3
Inspection time	12
Move time	1
Wait time to start production	5
Process time	4

(Q.) What is Manufacturing Cycle Efficiency (MCE)? Use two decimal places in the answer (for example, if the answer is 44%, key in "0.44").