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6.3 Connect: Cases and Problems Assignment i Saved Help Save & Exit Check my 12 Standard Standard Price Standard Unit Quantity (Rate) Cost Direct materials 75 .00 ( fiberglass) 15 sq. ft. $ 5 per sq. ft. $ 5 Direct labor 10 hrs. $ 15 per hr. 150 .00 Variable manufacturing points overhead (based on direct labor hours) 10 hrs. $ 6 per hr. 60 .00 Skipped Fixed manufacturing overhead ($24, 000 + 300 units) 80 . 00 eBook Rip Tide has the following actual results for the month of June: Print References Number of units produced and sold 312 Number of square feet of fiberglass used 4,920 Cost of fiberglass used $27, 552 Number of labor hours worked 3,060 Direct labor cost $47, 736 Variable overhead cost $14, 790 Fixed overhead cost $24, 600 Required: 1. Calculate the direct materials price, quantity, and total spending variances for Rip Tide. 2. Calculate the direct labor rate, efficiency, and total spending variances for Rip Tide. 3. Calculate the variable overhead rate, efficiency, and total spending variances for Rip Tide. 4. Calculate the fixed overhead spending (budget) and volume variances for Rip Tide. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 46.3 Connect: Cases and Problems Assignment i Saved Help Save & Exit Submit Check my work 19 PA10-1 (Static) Calculating Return on Investment, Residual Income, Determining Effect of Changes in Sales, Expenses, Invested Assets, Hurdle Rate on Each [LO 10-4, 10-5] points Coolbrook Company has the following information available for the past year: Skipped River Stream Division Division Sales revenue 1,200,000 $ 1,800,000 900,000 1,300,000 eBook Cost of goods sold and operating expenses Net operating income 300,000 $ 500,000 Print Average invested assets 1,200,000 $ 1,800,000 References The company's hurdle rate is 6 percent. Required: 1. Calculate return on investment (ROI) and residual income for each division for last year. 2. Recalculate ROI and residual income for each division for each independent situation that follows: a. Operating income increases by 10 percent. b. Operating income decreases by 10 percent. c. The company invests $250,000 in each division, an amount that generates $100,000 additional income per division. d. Coolbrook changes its hurdle rate to 10 percent. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 2C Req 2D Calculate return on investment (ROI) and residual income for each division for last year. (Enter your ROI answers as a percentage rounded to two decimal places, (i.e., 0.1234 should be entered as 12.34%.))6.3 Connect: Cases and Problems Assignment i Saved Help Save & Exit Submit Check my work 19 Coolbrook Company has the following information available for the past year: River Stream Division Division Sales revenue $ 1,200,000 $ 1,800,000 5 Cost of goods sold and operating expenses 900,000 1, 300,000 points Net operating income $ 300,000 $ 500,000 Average invested assets $ 1,200,000 $ 1,800,000 Skipped The company's hurdle rate is 6 percent. eBook Required: Print 1. Calculate return on investment (ROI) and residual income for each division for last year. References 2. Recalculate ROI and residual income for each division for each independent situation that follows: a. Operating income increases by 10 percent. b. Operating income decreases by 10 percent. c. The company invests $250,000 in each division, an amount that generates $100,000 additional income per division. d. Coolbrook changes its hurdle rate to 10 percent. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 2C Req 2D Calculate return on investment (ROI) and residual income for each division for last year. (Enter your ROI answers as a percentage rounded to two decimal places, (i.e., 0.1234 should be entered as 12.34%.)) River Division Stream Division ROI % % Residual Income (Loss) Mr6.3 Connect: Cases and Problems Assignment i Saved Help Save & Exit Submit Check my work 19 Division Division Sales revenue $ 1,200,000 $ 1,800,000 Cost of goods sold and operating expenses 900, 000 1, 300,000 Net operating income $ 300, 000 $ 500,000 Average invested assets $ 1,200,000 $ 1,800,000 5 points Skipped The company's hurdle rate is 6 percent. Required: 1. Calculate return on investment (ROI) and residual income for each division for last year. eBook 2. Recalculate ROI and residual income for each division for each independent situation that follows: Print a. Operating income increases by 10 percent. b. Operating income decreases by 10 percent. References c. The company invests $250,000 in each division, an amount that generates $100,000 additional income per division. d. Coolbrook changes its hurdle rate to 10 percent. Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Req 2B Req 2C Req 2D Recalculate ROI and residual income for each division for the independent situation that follows: Operating income increases by 10 percent. (Enter your ROI answers as a percentage rounded to two decimal places, (i.e., 0.1234 should be entered as 12.34%.). Loss amounts should be indicated with a minus sign.) River Division Stream Division RO % % Residual Income (Loss) :: Apps TWO-National & GI.. e! Epic! - Books for... Asian Rice and No... Account Request... Dashboard V Sell | Vend Member Section Dream Team Admi. | Reading List 6.3 Connect: Cases and Problems Assignment Saved Help Save & Exit Submit Check my work 19 Division Division Sales revenue $ 1,200,000 $ 1,800,000 Cost of goods sold and operating expenses 900, 000 1, 300,000 Net operating income $ 300,000 $ 500,000 Average invested assets $ 1,200,000 $ 1,800,000 5 points Skipped The company's hurdle rate is 6 percent. Required: 1. Calculate return on investment (ROI) and residual income for each division for last year. eBook 2. Recalculate ROI and residual income for each division for each independent situation that follows: Print a. Operating income increases by 10 percent. b. Operating income decreases by 10 percent. References c. The company invests $250,000 in each division, an amount that generates $100,000 additional income per division. d. Coolbrook changes its hurdle rate to 10 percent. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 2C Req 2D Recalculate ROI and residual income for each division for the independent situation that follows: The company invests $250,000 in each division, an amount that generates $100,000 additional income per division. (Enter your ROI answers as a percentage rounded to two decimal places, (i.e., 0.1234 should be entered as 12.34%.). Loss amounts should be indicated with a minus sign.) Show less A River Division Stream Division ROI % % Residual Income (Loss) Mc6.3 Connect: Cases and Problems Assignment i Saved Help Save & Exit Submit Check my work 19 Division Division Sales revenue $ 1,200,000 $ 1,800,000 Cost of goods sold and operating expenses 900,000 1, 300,000 Net operating income $ 300,000 $ 500,000 Average invested assets $ 1,200,000 1,800,000 5 points Skipped The company's hurdle rate is 6 percent. Required: 1. Calculate return on investment (ROI) and residual income for each division for last year. eBook 2. Recalculate ROI and residual income for each division for each independent situation that follows: Print a. Operating income increases by 10 percent. b. Operating income decreases by 10 percent. References c. The company invests $250,000 in each division, an amount that generates $100,000 additional income per division. d. Coolbrook changes its hurdle rate to 10 percent. Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 2C Req 2D Recalculate ROI and residual income for each division for the independent situation that follows: Coolbrook changes its hurdle rate to 10 percent. (Enter your ROI answers as a percentage rounded to two decimal places, (i.e., 0.1234 should be entered as 12.34%.). Loss amounts should be indicated with a minus sign.) River Division Stream Division RO % % Residual Income (Loss) Req 2C Req 2D > Mc

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