53. The Thompson Company uses standard costing and has established the following direct material and direct labor standards for each zippy manufactured.

Direct materials: 2 gallons at $5 per gallon

Direct labor: 0.5 hours at $10 per hour

During September, the company made 5,000 zippies and incurred the following costs:

Direct materials purchased and used: 10,200 gallons at $5.10 per gallon

Direct Labor cost: 2,400 hours at $9.80 per hour

1. The materials price variance for September was:

2. The materials quantity variance for September was:

3. The direct labor rate (price) variance for September was:

4. The direct labor efficiency (quantity) variance for September was:

57. If a department generates revenues, incurs costs, and its manager makes investments in operating assets the daparment would be classified as a(n):

58. An expense that is incurred for the joint benefit of more than one department and is therefore not easily traced to a specific department is a(n):

63. Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,140,000; sales of $4,565,000; cost of goods sold of $2,590,000; and operating expenses of $1,412,000. Compute the division's return on investment:

64. Cake Company reported the following financial data for one of its divisions for the year; average investment center total assets of $4,800,000; investment center income $805,000; a target income of 12% of average invested assets. The residual income for the division is: