QUESTION 26 1 points Saved Big Restaurant is considering purchasing a chicken broaster. The broaster sells for $80,000 and is expected to result in annual net cash inflows of $25.000 each year for its 7-year useful life-without any residual value at the end of that life. What is the accounting rate of return (ARR) of the broaster, rounded to one decimal place? A.3135 B.33.9% C.35.15 D.None of the above QUESTION 27 1 points Saved Which of these statements is true concerning budgeting? A. A favorable variance increases operating income. B. A static budget is a budget prepared for only one level of sales volume. C. The direct labor variances are the direct labor cost variance and the direct labor efficiency variance D. All of the above QUESTION 28 1 points Saved Which of the following statements about managerial accounting is true? A. Managerial accounting reports must follow GAAP. OB. Managerial accounting reports tend to focus on the future, instead of the past, C. Managerial accounting reports must be audited by an independent auditor before they are used by management in decision-making. D. None of the above