Given the following information, what is the company's required rate of return? Net operating income Average operating assets Required income Residual income $75.000 $250,000 $62,500 $12.500 a. 2596 Ob 20% OC 30% 0.3596 Using the following information, calculate the company's Residual Income: Sales Cost of Goods Sold Operating expenses Average operating assets Minimum required rate of return $500,000 $225,000 $50,000 $750,000 2596 O a, 587,500 b. $250,000 KB C 537 500 d. 562.500 4 points The direct labor standards for a particular product are: 4 hours of direct labor $12.00 per direct labor-hour = $48.00 During October, 3,350 units of this product were made, which was 150 units less than budgeted. The labor cost incurred was $159,786 and 13,450 direct labor-hours were worked The direct labor variances for the month were: Labor Rate Variance Labor Efficiency Variance A) $1.614U $600 U $1.6140 5600 F C) $1,614 5600 U D) 51.614 5600 F O a. Item A b. Item B Oc Item O dItem D Use the following information to answer Question 3.12 and Question 3.13: Cain Flyovers offers scenic helicopter over flights of the Grand Canyon. The following table provides data concerning the company's costs: Fixed Cost per month Cost per flight Wages & Salaries $6,000 $25 Fuel 0 30 Airport fees 450 28 Aircraft depreciation 10,000 0 office expenses 190 5 Rent 8.000 0 Maintenance 0 12 in a planning budget when the company expects to have 80 flights what would budgeted airport fees be? a $2.240 b. $3,260 O c. $2,690 d. 52.139 QUESTION 13 Using the information from Question 3.12: if the company actually had 90 flights in the current month and their actuat airport fees were 53.250, the company's spending variance for airport fees would be: O a. $280 F b. 5280 U Oc 5560 F d. $560 U