The following data has been provided for a company's most recent year of operations: Return on investment Average operating assets Minimum required rate of return 386 $ 55,000 198 The residual income for the year was closest to: Multiple Choice $19,900 $15,200 O $10,450 $14,850 Help Sthilaire Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.35 direct labor hours. The direct labor rate is $8 per direct labor-hour. The production budget calls for producing 8,100 units in April and 8,000 units in May. The direct labor workforce is fully adjusted each month to the required workload. Required: Prepare the direct labor budget for the next two months. (Round "labor-hours per unit" answers to 2 decimal places.) April May Required production in units Direct labor-hours per unit Total direct labor-hours needed Direct labor cost per hour Total direct labor cost Courington Detailling's cost formula for its materials and supplies is $2,060 per month plus $12 per vehicle. For the month of August, the company planned for activity of 86 vehicles, but the actual level of activity was 46 vehicles. The actual materials and supplies for the month was $2,350. The materials and suppiles in the flexible budget for August would be closest to Multiple Choice $2,350 $3,092 O $1747 $2.612