The folowing data relates to Light Bulb Project that Logan Electrie Division is considering Light Bulb Project sales Light Bulb Project operaling income Light Bulb Project total assets 56.500.000 $600.000 $3.250.000 Corporate target rate of neturn 16% What is Li t B Project 's Residual Income (R ? "division managers are e auated on RI and Logan Bectric Divisionomen yhas an ROI 20% would Logan EOctie Division's manager accepterre ect the pre oer? OA. $520,000 and reject OB $80,000 and rejoct O C. $80,000 and aocept OD. $650,000 and accept Baskets Inc. gathered the following actual results for the current month: Actual amounts: Units produced Direct materials purchased and used (7,700 lbs.) 5,100 $53,900 Budgeted production and standard costs were: Budgeted production Direct materials 4,800 units 3.5 lbs/unit at $6.001b. What is the direct materials quantity variance? O A. $7,700 favorable O B. $60,900 unfavorable O C. S7,700 unfavorable O D. $60,900 favorable Sharon Corporation collects 5% intesecond monthfolo upcoming four months are ng sale,8%inthe blowing sale and 62% of ams sales in the mor or sale. The company has found that 3% ofther sales a'e uncolectbleBidgeted sales for the August budgeted sales September budgated sales Ocober budgeted sales November budgeted sales 5320,000 $330,000 390,000 $290.000 The amount of cash that will be coliected in November is budgeted to be O A $179.800 . $281.300 O D. $336 100 Which of the following is a potential disadvantage of participative budgeting? O A. Managers may build slack into the budget. O B. Managers should acquire knowledge to create realistic budgets C. Managers are more likely to be motivated by budgets they help create O D. None of the above are true