Brush Industries reports the following information for May:

Sales	$960,000
Fixed cost of goods sold	112,000
Variable cost of goods sold	262,000
Fixed selling and administrative costs	112,000
Variable selling and administrative costs	137,000

Calculate the operating income for May under absorption costing?

$698,000

$337,000

$561,000

$586,000

Fletcher Company collected the following data regarding production of one of its products. Compute the direct labor rate variance.

Direct labor standard (2 hrs. @ $12.75/hr.)	$25.50 per finished unit
Actual direct labor hours	92,900 hrs.
Actual finished units produced	46,000 units
Actual cost of direct labor	$1,253,550

$80,550 unfavorable.

$80,550 favorable.

$69,075 favorable.

$69,075 unfavorable.

$11,475 unfavorable.

Kragle Corporation reported the following financial data for one of its divisions for the year; average invested assets of $490,000; sales of $990,000; and income of $113,000. The investment turnover is:

21.30.

49.50.

2.02.

433.60.

11.40