he following information pertains to Mediocre Manufacturing Company produces a single product. Man first year of operations. These costs are based on a budgeted volur Direct materials $28,000 Direct labor......... $14,000 Manufacturing overhead: Variable $56,000 Fixed $63,000 Selling and administrative: Variable .... $7,000 Fixed...... $42,000 During the first year of operations, Mediocre actually produced did not fluctuate from the cost behavior patterns described abov 18. What is the total cost that would be assigned to Mediocre's of operations under the absorption costing method? A. $12,250 20. The following data refers to the Daniels division of Ti standard drill sells for $ 40, and Daniels plans sales of 30,000 un center with total attributable investment of $ 800,000. Daniels' standard drill is $ 24. The firm's required rate of return on inve Residual Income.. 20.1 20.2 What is the planned Return on Investment in 2005? Rol. A one-time external special order is received to buy fro If the order is accepted, Daniels will have to incur add on Residual Income for the first year, will the manage 20.3 Effect on RI for first year Selle: 30000 x 40 : 120.0000 A 1200