Do not round intermediate calculations round your

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How much overhead was applied to products during the period? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) $129,720 $129,419 $126,940 $125,960 22. Residual income is superior to return on investment as a means of measuring performance because it encourages managers to make investment decisions that are more consistent with the interests of the company as a whole. True False 23. All other things the same, which of the following would increase residual income? Decrease in net operating income. Increase in average operating assets. Increase in minimum required return. Decrease in average operating assets. 24. A company's current net operating income is $24,500 and its average operating assets are $109,000. The company's required rate of return is 18%. A new project being considered would require an investment of $20,700 and would generate annual net operating income of $5,600. What is the residual income of the new project? $5,600 $3,726 $1,874 ($1,190) 25. Niemiec Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below: Hour Move time 3.4 Wait time 18.5
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Queue time 12.4 Process time 0.7 Inspection time 1.0 The manufacturing cycle efficiency (MCE) was closest to: (Round your intermediate calculation and final answer to 2 decimal places.) 0.12 0.02 0.88 0.04 26. The Post Division of the M.T. Woodhead Company produces basic posts which can be sold to outside customers or sold to the Lamp Division of the M.T. Woodhead Company. Last year the Lamp Division bought all of its 25,300 posts from Post at $1.15 each. The following data are available for last year's activities of the Post Division: Capacity in units 350,000 posts Selling price per cost to outside customers $1.95 Variable costs per post $0.85 Fixed costs, total $224,000 The total fixed costs would be the same for all the alternatives considered below. Suppose there is ample capacity so that transfers of the posts to the Lamp Division do not cut into sales to outside customers. What is the lowest transfer price that would not reduce the profits of the Post Division? $1.95 $1.30 $1.36 $0.85 27. The Post Division of the M.T. Woodhead Company produces basic posts which can be sold to outside customers or sold to the Lamp Division of the M.T. Woodhead Company. Last year the Lamp Division bought all of its 25,000 posts from Post at $2.40 each. The following data are available for last year's activities of the Post Division: Capacity in units 310,000 posts Selling price per cost to outside customers $2.44 Variable costs per post $1.03 Fixed costs, total $228,000 The total fixed costs would be the same for all the alternatives considered below. Suppose the transfers of posts to the Lamp Division cut into sales to outside customers by 24,100 units. What is the lowest transfer price that would not reduce the profits of the Post Division? (Round your intermediate calculations and final answer to 2 decimal places.) $2.39 $2.44
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$1.48 $1.03 28.
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