Company B has the following information: Sales 2750,000 Net operating income 45,000 Average operating assets ? Return on investment 18% Minimum required rate of return: Percentage ? Peso amount 50,000 Residual Income ? What is the residual income (loss) of Company B? O P5,000 O P250,000 O PO OP(5,000) The following data are obtained from Gianna Manufacturing Company: Cost of goods manufactured is P187,500 Inventory variations are as follows: raw materials ending inventory is 1/3 based on raw materials beginning; no initial inventory of work in process, but at the end of period P 12,500 was on hand; finished goods inventory was four times as large at the end of the period as at the start. Net income after taxes amounted to P 26,000, the income tax rate is 35% Purchases of raw materials amounted to net income before taxes Breakdown of costs incurred in manufacturing cost was as follows: o Raw materials consumed - 50% o Direct labor - 30% o Manufacturing overhead - 20% . The total amount of raw materials beginning inventory was O P40,000 O P90,000 O P38,571 O P60,000 Armstrong Corporation manufactures bicycle parts. The company currently has a $19,500 inventory of parts that have become obsolete due to changes in design specifications. The parts could be sold for P7,000, or modified for P10,000 and sold for P20,300. How much is the total sunk cost? O PO O 26,500 O P29,500 O P19,500 The following data for the just-completed year are taken from the accounting records of Eccles Company: Costs incurred: Advertising expense P100,000 Direct labor cost 90,000 Purchases of raw materials 132,000 80,000 Rent, factory building Indirect labor 56,300 35,000 Sales commissions 9,000 24,000 Utilities, factory Maintenance, factory equipment Supplies, factory Depreciation, office equipment Depreciation, factory equipment 700 8,000 40,000 Inventories: Beginning of the Year End of the Year Raw Materials P 8,000 P10,000 Work-in-Process 5,000 20,000 Finished Goods 70,000 25,000 The selling and administrative expenses amounts to O P135,000 O P150,000 O P143,000 OP108,000