Requlred information Comprehenslve Problem 6 (Algo) [The following information applies to the questions displayed below.] Utease Corporation has several production plants nationwide. A newly opened plant in Dubuque produces and sells one product. The plant is treated, for responsibility accounting purposes, as a profit center. The unit standard costs for a productlon unit, with overhead applied based on direct labor hours, are as follows. Manufacturing costs (per unlt based on expected activity of 28,000 units or 56,000 direct labor hours): Expected sales activity: 24,000 units at $500 per unlt Destred ending Inventorles: 16% of sales Assume this is the first year of operations for the Dubuque plant. Durling the year, the company had the following activity. In addltion, all over-or underapplied overhead and all product cost varlances are adjusted to cost of goods sold. Comprehensive Problem 6 (Algo) Part b b. Prepare a budgeted responsibility Income statement for the Dubuque plant for the coming year. c. Find the direct labor varlances. Indicate If they are favorable or unfavorable. (Do not round your intermediate calculations. Indicate the effect of each varlance by selecting Favorable, Unfavorable, and "None" for no effect.) d. Find the direct materlals varlances (materlals price varlance and quantity varlance). (Indicate the effect of each variance by selecting Favorable, Unfavorable, and "None" for no effect (L.e., zero varlance).) Complete this question by entering your answers in the tabs below. Assume this is the first year of operations for the Dubuque plant. Durlng the year, the company had the following activity. Find the total over or underapplied (both fixed and variable) overhead. In addltion, all over-or underapplied overhead and all product cost varlances are adjusted to cost of goods sold. Comprehensive Problem 6 (Algo) Part e e-1. Find the total over-or underapplied (both fixed and varlable) overhead. e-2 Would cost of goods sold be a larger or smaller expense Item after the adjustment for over- or underapplied overhead? Complete this question by entering your answers in the tabs below. Would cost of goods sold be a larger or smaller expense item after the adjustment for over- or underapplied overhead? f. Calculate the actual plant operating profit/loss for the year. h. Assume Utease Corporation is planning to change its evaluation of business operatlons in all plants from the profit center format to the Investment center format. If the average Invested capital at the Dubuque plant is $9,290,000, compute the return on Investment (ROl) for the first year of operations. Use the DuPont method of evaluation to compute the return on sales (ROS) and capital turnover (CT) for the plant. (Round your percentage answers to 2 decimal places (L.e., 0.1234 should be consldered as 12.34.))