Eagle Company uses a standard cost system which has provided the following data: Units of output manufactured Direct labor 80 Standard hours allowed: 2 hours per unit of product Standard wage rate Actual direct labor $16 per hour 180 hours, total cost of $3.240 23.The direct labor rate variance for the period was: A. $425 favorable B. $360 favorable. C. $360 unfavorable. D. $425 unfavorable. 24. Residual income can be defined as: A. That income left over after dividends are paid out. B. Operating earnings minus return on investment C. Operating earnings minus a minimum acceptable return D. Operating earnings minus a minimum acceptable return, times invested capital. 25. In considering customer's needs, the balanced scorecard method will look at: A. Market share growth and customer retention. B. Return on sales and sales turnover. C. Residual income and return on investment. D. Organizational procedures and information systems 26. The return on investment is calculated by: A. Multiplying the capital turnover by the return on sales B. Dividing the capital turnover by the return on sales. C. Dividing average invested capital by sales. D. Multiplying operating income by capital turnover