pomel, ule uliversal Solutions Division of Mcallister Corporation had average operating assets of $120,000 and net operating income of $12,800. The company uses residual income, with a minimum required rate of return of 12%, to evaluate the performance of its divisions. What was the Universal Solutions Division's residual income in September? A) -$1,536 B) $1,600 ( -$1,600 D) $1,536 Panc-charsetst rate of medium) = 12,800 - (120,000 x 12) = -1600 "SAY. Write your answer in the space provided or on a separate sheet of paper. 18) The standards for product K17 call for 5.0 meters of a raw material that costs $19.10 per meter. Last month, 2,700 meters of the raw material were purchased for $51,435. The actual output of the month was 460 units of product K17. A total of 2,500 meters of the raw material were used to produce this output. AQ used The direct materials purchases variance is computed when the materials are purchased. AP Required: segon - 19.05 a. What is the materials price variance for the month? b. What is the materials quantity variance for the month? - (AP-SP) X AQ purch =(19.05-29, 10) x 22005 - 135 F ast ..(AQ-SQ) x SP = 2500-(5x460x29, 10 = 3820 u used