Please answer all questions.

g come is $24,000, average operating assets are $120,000, and the minimum D) $13,200 required rate of return is 1 196, what is the residual income? A) $10,800 B) $2400 C) 534,800 16) Accepting a special order will improve overall net operating income if the revenue from the special order exceeds: A) the sunk costs associated with the order. B) the contribution margin on the order C) the incremental costs associated with the order. D) the variable costs associated with the order. TRUE/FALSE. 2 Points each. 17) A favorable spending variance occurs when the actual cost is less than the amount of the cost in the static planning budget MULTIPLE CHOICE. 4 Points each. 18) Milar Corporation makes a product with the following standard costs: Standard Quantity or Hours 2.0 pounds 0.8 hours 0.8 hours Standard Price or Rate S 7.00 per pound s 16.00 per hour s 4.00 per hour Direct materials Direct labor Variable overhead In January the company produced 4500 units using 10,260 pounds of the direct material and 2240 direct labor-hours. During the month, the company purchased 10,830 pounds of the direct material at a cost of $76,710. The actual direct labor cost was $38,236 and the actual variable overhcad cost was $11,937 The company applies variable o verhead on the basis of direct labor-hours. The direct materials purc The materials price variance for January is: A) $900 F B) $760 U C) S760 F D) $900 U B-5