Solly Corporation produces a product for national distribution. Standards for the product are Materials: 12 ounces per unit at 60t per ounce. Labor: 2 hours per unit at $8 per hour During the month of December, the company produced 1,000 units. Information for the month follows: Materials: 14,000 ounces purchased and used at a total cost of $7,700 Labor: 2,500 hours worked at a total cost of $20,625. The labor rate variance is: IS: Multiple Choice $625 U $500 F $500 U $625 F Babak Industries is a division of a major corporation. Last year the division had total sales of $19,560,000, net operating income of $1,877,760, and average operating assets of $6,000,000 The division's margin is closest to: Multiple Choice 31.3% 0 9.6% 307% 40.3% The Consumer Products Division of Goich Corporation had average operating assets of $800,000 and net operating income of $81,300 in May. The minimum required rate of return for performance evaluation purposes is 10%. What was the Consumer Products Division's minimum required return in May? Multiple Choice $81,300 $8,130 $88130 $80,000