1.During July, neptune Company had actual sales of $144,000 with a volume of 64,000 units compared to budgeted sales of $156,000 units of $ 65,000 units.

Actual variable cost of goods sold was $108,800, compared to a budget of $109,200. Monthly fixed expenses , budgeted at $22,400 totaled $20,000. interest revenue of $2,000 was earned during July but hadnot beenincluded in the budget.Prepare a flexible budget perfomance report for July and explain Neptune operating income variance.

2. Assume division 1 of the XYZ Company had the following results last year. Division 1 had sales of $15,000,000 with operating income of 1,250,000 and total assets of 7,500,000

what is the division's sales margin, capital turnover and return on Investment ( ROI)