its the first picture and the third picture ignore the ignore the second picture pls

ERS 222 Divisional Performance Analysis and Evaluation The vice president of operations of Free Ride Bike Company is evaluating the performance of two divisions organized as leatment centers Invested assets and condensed income statement data for the past year for each division are as follows: Road Bike Division Mountain Bike Division Sales $2,090,000 $2,240,000 Cost of goods sold 920,000 1,053,000 Operating expenses 814,700 873.400 Invested assets 1,900,000 1,600,000 Required: 1. Prepare condensed divisional income statements for the year ended December 31, 2017, assuming that there were no support department allocations Free Ride Bike Company Divisional Income Statements For the Year Ended December 31, 2017 Road Bike Division Mountain Bike Division Sales ta Cost of goods sold Gross profit Operating expenses Operating income Previous Check My Work 10 more Check My Work wie oraning Next > Email Instructor Submit Test for Grading a Fixed cost, $7.10 $137,101 fixed cost Each unit requires 0.25 hour of direct labor. Required: a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Direct Materials Price Variance Direct Materials Quantity Variance Total Direct Materials cost Variance b. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Labor Rate Variance Direct Labor Time Variance Total Direct Labor Cost Variance c. Determine the variable factory overhead controllable variance, fived factory overhead volume variance, and total factory overhead cost variance Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Variable factory overhead controllable variance Fixed factory overhead volume variance Total factory overhead cost variance Check My Work to more Check My Work uses remaining Previous Next > milm/takeAssignment/takeAssignment Main.do?invoker #StakeAssignmentSessionLocator=&inprogress=false 222 Update Sales Cost of goods sold Gross profit Operating expenses Operating income 2. Using the DuPont formula for return on investment, determine the profit margin, investment turnover, and rate of return on investment for each division. If required, round your answers to one decimal place. Division Profit Margin Investment Turnover ROI Road Bike Division Mountain Bike Division 3. If management desires a minimum acceptable rate of return of 15%, determine the residual income for each division Residual Income Road Bike Division Mountain Bike Division 4. On the basis of operating income, the Division is the more profitable of the two divisions. However, operating income consider the amount of invested assets in each division. On the basis of residual income, the is the more profitable of the two divisions Division Check My Work 10 more Check My Works remaining Previous Next > Email Instructor Submit Test for Grading Stv