Carla's Cake Shop makes very popular Wedding Cakes. The company has an ROI of 25% and a residual income of $10,500. If operating income equals $50,000, what is the amount of average invested assets? Multiple Choice $200,000 $1250,000 $42.000 $262,500 Apple Company makes high quality phones. Recently they had a corporate meeting where they decided to apply overhead based on direct labor hours. The variable overhead standard is 20.00 hours at $13.50 per hour. During December. Apple Company spent $1,012,600 for variable overhead. 76,440 labor hours were used to produce 3,840 units. Compute Apple's variable overhead efficiency variance and select the correct answer Multiple Choice O $19,340 favorable O $4,860 favorable O O $24,200 favorable O O $4,060 unfavorable O