Question 22 Bramble Company expects to produce 1,305,600 units of Product XX in 2020. Monthly production is expected to range from 84,000 to 120,000 units. Budgeted variable manufacturing costs per unit are: direct materials $4, direct labor $7, and overhead $10. Budgeted fixed manufacturing costs per unit for depreciation are $6 and for supervision are $1. In March 2020, the company incurs the following costs in producing 102,000 units: direct materials $438,000, direct labor $709,000, and variable overhead $1,028,000. Actual fixed costs were equal to budgeted fixed costs. Prepare a flexible budget report for March. (List variable costs before fixed costs.) BRAMBLE COMPANY Manufacturing Flexible Budget Report For the Month Ended March 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Were costs controlled? Question 23 For its three investment centers, Crane Company accumulates the following data: Sales Controllable margin Average operating assets $1,900,000 784,000 4,900,000 IIIII $3,900,000 $3,900,000 1,817,000 3,600,000 7,900,000 12,000,000 Compute the return on investment (ROI) for each center. The return on investment Question 24 Presented below is information related to the Crane of Lumber, Inc. Contribution margin Controllable margin Average operating assets Minimum rate of return $1,212,400 $1,020,000 $4,000,000 17% Compute the Crane's return on investment and residual income. Return on investment Residual income