The management of Bonga Corporation is considering dropping product 074F. Data from the company's accounting system for this product for last year appear below: Sales $ 830,000 Variable expenses $ 390,000 Tixed manufacturing expenses $ 266,000 Fixed selling and administrative expenses $ 232,000 Al fixed expenses of the company are fully allocated to products in the company's accounting system. Further investigation has revealed that $111.000 of the fixed manufacturing expenses and $103,000 of the fixed selling and administrative expenses are avoidable. If product 074F is discontinued. According to the company's accounting system, what is the net operating income earned by product 074F2 Include all costs in this calculation-whether relevant or not Multiple Choice ($58,000) ($440,000) $58,000 0 Which of the following statements is true? I. Move time is considered non-value-added time. II. A manager would generally like to see a trend indicating a decrease in setup time. III. Queue time is considered non-value-added time. Multiple Choice Both statements I and Ill are true. Both statements II and II are true. All of the statements are true. None of the statements are true. Leist Clinic uses dient-visits as its measure of activity. During September, the clinic budgeted for 2,200 clientuts, but its actual level of activity was 2,170 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting Fixed resent per Variant per anth ellent-vinit Revenue $0 $ 50.80 Personnel expenses $ 26,600 $ 15.60 Medical supplies 1,400 9.40 Occupancy expenses 7,600 2.40 Administrative expenses 5,300 0.10 Total expenses $ 40,900 $ 27.50 The medical supplies in the flexible budget for September would be closest to: Multiple Choice $22.000 $21798 $21.907