Vandenheuvel Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below: Hours Move time 2.6 Nait time 15.6 Queue time 11.5 Process time 3.9 Inspection time 8.8 The manufacturing cycle efficiency {MICE} was closest to: (Round your intermediate calculations to'l decimal place.) Warrix Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (3,999 units) 23 129,999 Variable expenses 99,999 Contribution margin 39,999 Fixed expenses 2?,999 Net operating income $ 3,999 lfsales volumes increase to 3,020 units, the increase in net operating income would be closest to: Multiple Choice 0 $60 0.00 $20 0.00 $80 0.00 O 0 $20.00 0 The following data are for the Akron Division of Consolidated Rubber, Incorporated: Sales $ 800,090 Net operating income $ 50,000 Average operating assets $ 300,000 Stockholders' equity $ 80,000 Residual income $ 20,000 For the past year, the margin used in ROI calculations was: Multiple Choice O 6.25% O 8.75% O 8.92% O 10.00%Alpha Corporation reported the following data for its most recent year: sales, $1,000,000; variable expenses, $600,000; and fixed expenses, $300,000. The company's degree of operating leverage is closest to: Multiple Choice O 0.25 O 2.0 O 3.3 O 4.0Robichau Incorporated reported the following results from last year's operations: Sales $ 6,300,000 Variable expenses 4,930, 000 Contribution margin 1, 370,000 Fixed expenses 803,000 Net operating income $ 567,000 Average operating assets $ 3,000,000 At the beginning of this year, the company has a $900,000 investment opportunity with the following characteristics: Sales $ 1, 530, 000 Contribution margin ratio 30% of sales Fixed expenses $ 306, 000 The company's minimum required rate of return is 20%. The ROI for this year's investment opportunity considered alone is closest to: Multiple Choice O 50.0% O 51.0% O 10.0%Raider Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department's operations in January. Percent Complete with Respect to Units Conversion Beginning work in process inventory 8, 800 10% Transferred in from the prior department during January 75,000 Completed and transferred to the next department during January 74, 800 Ending work in process inventory 9 ,000 80% The Molding Department's cost per equivalent unit for conversion cost for January was $3.30. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January? Multiple Choice O $23,760.00 O $5,940.00 O $22,117.70 O $29,700.00Bux Corporation produces and sells one product. In November it expects to sell 10,600 units of this product. The company's variable selling and administrative expense is $3.70 per unit sold and its fixed selling and administrative expense is $50,000 per month. The estimated selling and administrative expense for November is closest to: Multiple Choice O $50,000 O $89,220 O $39,220 O $59,480In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $13,000 and ending work in process inventory of $18,000. During the month, the cost of units transferred out from the department was $148,000. In the department's cost reconciliation report for July, the total cost to be accounted for under the weighted-average method would be: Multiple Choice O $132,000 O $119,000 O $31,000 O $166,000The manufacturing overhead budget at Polich Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 1,600 direct labor-hours will be required in February. The variable overhead rate is $3.40 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $28,320 per month, which includes depreciation of $3,680. All other fixed manufacturing overhead costs represent current cash flows. The company recomputes its predetermined overhead rate every month. The predetermined overhead rate for February should be: Multiple Choice O $18.80 per direct labor-hour O $17.70 per direct labor-hour O $3.40 per direct labor-hour O $21.10 per direct labor-hourThe Casket Division of Saal Corporation had average operating assets of $960,000 and net operating income of $145,200 in January. The company uses residual income to evaluate the performance of its divisions, with a minimum required rate of return of 12%. Required: 1What was the Casket Division's residual income in January? _:|