Question 19 (4 points) Ebsen Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Wait time........ Process time ..... Inspection time ..... Move time ...... Queue time.... Hours 16.6 1.3 0.3 2.9 9.4 The manufacturing cycle efficiency (MCE) was closest to: Inspection time.... Move time..... Queue time ..... 0.3 2.9 9.4 The manufacturing cycle efficiency (MCE) was closest to: 0.84 0.04 0.17 0.09 Question 18 (4 points) Newhart Enterprises recently used 24,000 labor hours to produce 8,600 completed units. According to manufacturing specifications, each unit is anticipated to take 2.75 hours to complete. The company's actual payroll cost amounted to $456,000. If the standard labor cost per hour is $19.20, Newhart's labor rate variance is: $1,9200. $1,920F $4,800U. $4,800F None of these. Question 17 (4 points) Cabal Products is a division of a major corporation. Last year the division had total sales of $10,040,000, net operating income of $582,320, and average operating assets of $4,000,000. The company's minimum required rate of return is 14%. The division's residual income is closest to: $582,320 $22,320 $(823,280) $1,142,320