Question 13 2 pts Which of the following is the correct formula for Return on Investment (ROI) Net operating income/ Average operating assets Margin multiplied by Turnover Sales/average operating assets Net operating income/Sales Both a and b are correct Question 12 2 pts Spark Company's static budget is based on a planned activity level of 45,000 units. At the same time the static budget was prepared, the management accountant prepared two additional budgets, one based on 40,000 units and one based on 50,000. The company actually produced and sold 49,000 units. In evaluating its performance, management should compare the company's actual revenues and costs to which of the following budgets? A budget based on 45,000 units A budget based on 40,000 units A budget based on 49,000 units A budget based on 50,000 units Question 19 2 pts Ormand Organic Grocery has invested in a yogurt stand for its store. The investment cost the company $2,000,000. Variable costs are estimated at $500,000 and fixed costs are estimated at $60,000 a year. If actual sales were $1,000,000 what would be the ROI? 18% O 22% 30% 24% None of the above Question 6 2 pts KLM's cost accountant prepared the following static budget based on expected activity of 4,000 units: Revenues $64,000 Variable Costs (34,000) Contribution Margin 30,000 Fixed Costs (12.000) Net Income $18.000 If KLM actually sold 4,100 units at a price of $15 per unit. The sales volume variance would be: $4,100 Favorable $1,600 favorable. $1,600 Unfavorable. $4,100 Unfavorable