The following information is available for a manufacturing company for the month of June:

Standard variable manufacturing overhead rate per direct labor hour $$16\mathrm{.}00$

Actual variable manufacturing overhead $$225,000$

Standard direct labor hours for output produced $15,000$

Actual direct labor hours worked $14,000$

What is the variable manufacturing overhead rate variance for June?

$$ $$1,000$ unfavorable

$$ $$1,000$ favorable

$$ $$15,000$ favorable

$$ $$15,000$ unfavorable

$$ $$16,000$ favorable

$$ $$16,000$ unfavorable

Last year, a restaurant had sales of $$20,000,000$; net operating income of $$200,000$; and average operating assets of $$100,000.$ The manager earns $$20,000$ plus a bonus of half of the residual income after using a $20\%$ minimum required return.

How much residual income did this restaurant earn last year?

 

 $$