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Exercise 1) Deporte Company produces single-colored t-shirts. Material for the shirts are dyed in large vats. After dying the materials for a given color, the vats must be cleaned and prepared for the next batch of materials to be colored. The following standards for changeover for a given batch have been established: During the year, 50,000 pounds of material were purchased and used for the changeover activity. There were 30.300 batches produced. with the following actual prime costs: Required: Compute MPV, MUV, LRV, and LEV. Exercise 2) At the beginning of the year, Honey Company had beginning operating assets of $198,000. During the year, Honey Co. had operating income of $25,500 and expenses of $124,500. At the end of the year, they had operating assets of $177,000. Required: Compute profit margin, turnover, and ROI for Honey Company