Warmfeet manufactures comforters. Assume the estimated inventories on January 1, 2012, for finished good work in process, and materials were $51,000, $28,000 and $33,000 respectively. Also assuming the desired inventories on December 31, 2012, for finished goods, work in process, and materials were $48,000, $35,000 $29,000 respectively. Direct material purchase were $555,000. Direct labor was $252,000 for the year. Fact overhead was $176,000. What is the cost of goods sold budget for Warmfeet, Inc.? a. $995,000 b. $983,000 c. $975,000 d. $998,000 Using the data from the Ace Guitar company, determine the divisional income from operations for the A and B regions. What is the allocation of service department expenses proportional to the sales of each region? a. A Region is $45, 800 and B Region is $77,000 a. A Region is $42, 840 and B Region is $77, 160 a. A Region is $46, 800 and B Region is $78,000 a. A Region is $43, 800 and B Region is $77, 500 The creative Division of the Barry Company reported the following results for December 2012: Invested Assets $1, 200,000 Profit Margin 25% Return on Investment 30% Based on this information, what were the sales? a. $1, 400,000 b. $1, 500,000 c. $1, 440,000 d. $1, 520,000 Franklin Industries has established 12% as the minimum acceptable rate of return on divisional assets. If its Northern Division has $350,000 of invested assets and its income from operations is $200,000, what is the Northern Division's residual income