16) Dacker Products is a division of a major corporation. The following data are for the most recent year of operations: 1 38,480,000 Sales Net operating Average operating The company's minimum required rate of return $ 3,808,960 income 10,000,000 assets 14% The division's residual income is closest to: B) $(4,027,840) D) $3,808,960 A) $5,208,960 C) $2,408,960 17) Doogan Corporation makes a product with the following standard costs: Standard Quantity Standard Price or or Hours Rate 4.00 per gram Direct materials 9.4 grams $ Direct labor 0.4 hours 40.00 per hour 9.00 per hour $ $ Variable overhead 0.4 hours The company produced 7200 units in January using 41,310 grams of direct material and 2580 direct labor-hours. During the month, the company purchased 46,400 grams of the direct material at $3.70 per gram. The actual direct labor rate was $39.30 per hour and the actual variable overhead rate was $8.80 per hour. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased The variable overhead rate variance for January is: B) $576 U A) $516 U C) $516 F D) $576 F