Question 5 (5 points) The Consumer Products Division of Mickolick Corporation had average operating assets of $470,000 and net operating income of $40,000 in August. The minimum required rate of return for performance evaluation purposes is 10%. What was the Consumer Products Division's residual income in August? Your Answer: Answer Question 6 (5 points) Ebsen Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Wait time 16.4 hours Process time 1.6 hours Inspection time 0.2 hours Move time 2.6 hours Queue time 9.9 hours The throughput time was? Your Answer: Question 7 (5 points) Snider, Inc., which has excess capacity, received a special order for 2,000 units at a price of $20 per unit. Currently, production and sales are anticipated to be 10,000 units without considering the special order. Budget information for the current year follows. Sales $170,000 Less:Cost of goods sold 121,000 Cost of goods sold includes $30,000 of fixed manufacturing cost. If the special order is accepted, the company's income will increase by: Your Answer: Answer Question 8 (5 points) The standards for direct materials in making a certain product are 20 pounds at $0.5 per pound. During the past period, 56,000 units of product were made and the materials quantity variance was $33,000U. The number of pounds of direct material used during the period amounted to: Your