3. 1.)Ralston Company has income from operations of $75,000, invested assets of $360,000, and sales of $790,000.
Required:
Use the DuPont formula to calculate the rate of return on investment, and show (a) the profit margin, (b) the investment turnover, and (c) rate of return on investment.
2.)Dexter Company’s costs were over budget by $56,000. The Dexter Company is divided in two regions. The first region’s costs were over budget by $8,000.
Required: Determine the amount that the second region’s cost was over or under budget.
3.) The Harp Company produced 8,600 units of product that required 3.25 standard hours per unit. The standard variable overhead cost per unit is $4.00 per hour. The actual variance factory overhead was $111,000. Determine the variable factory overhead controllable variance.
4.)The Harp Company produced 8,600 units of a product that required 3.25 standard hours per unit. The standard fixed overhead cost per unit is $1.20 per hour at 29,000 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance.