The Country Garden Company’s current operating income is $20…

The Country Garden Company’s current operating income is $20,000 and its average assets are $100,000. The Country Garden’s required rate of return is 12%. A new project being considered would require an investment of $25,000 and would generate annual net operating income of $3,500. What is the residual income of the new project?

In Starliper Corp’s static budget they expected to produce a…

In Starliper Corp’s static budget they expected to produce and sell 80,000 units and have $360,000 in fixed manufacturing overhead costs. During the year, they ended up producing and selling 95,000 units and having a total of $340,000 total fixed manufacturing overhead. The company wants to calculate its sales volume variance. What will be the value of fixed manufacturing overhead in the flexible budget?