Question 34 1 pts Our company reported the following financial numbers for one of its divisions for the year; average total assets of $4,100,000; sales of $4,525,000; cost of goods sold of $2,550,000; and operating expenses of $1,372,000. Assume a target income of 10% of average invested assets. Compute residual income for the division: $203,000. $193,000 O $150,500. O $60,300 O $197.500 Question 32 1 pts Based on a predicted level of production and sales of 22,000 units, a company anticipates total variable costs of $99,000, fixed costs of $30,000, and operating income of $36,000. Based on this information, the budgeted amount of contribution margin for 20,000 units would be: O $99,000 $90,000 O $66,000. $150,000 O $60,000 Question 28 1 pts Our company budgets production of 300 units in June and 310 units in July. Each unit requires 1.5 hours of direct labor. The direct labor rate is $14 per hour. The indirect labor rate is $21.00 per hour. Compute the budgeted direct labor cost for July. O $6,300. O $6,510 O $9,450 $9,765. O $16,275. Question 27 1 pts Our company provides the following sales forecast for the next three months: July August September Sales units 5,000 5,700 5,560 The company wants to end each month with ending finished goods inventory equal to 25% of the next month's sales. Finished goods inventory on June 30 is 1,250 units. The budgeted production units for August are: O 6,950 units. 0 4,310 units. 0 7,090 units. O 5,665 units. 0 4,135 units