The following variances and selected account balances are known (or unknown) for X Co. for the...

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The following variances and selected account balances are known (or unknown) for X Co. for the year 2030: Variable MOH Efficiency Variance Fixed MOH Spending Variance Production Volume Variance $53,650 F $17,000 F Variable MOH Spending Variance $24,850 U $22,000 F $621,000 ? $520,500 ? Fixed MOH Control Fixed MOH Allocated Variable MOH Allocated Variable MOH Control Required: Given the above information, record the following 2 entries only, for the year 2030: 1) Entry to record actual variable manufacturing overhead incurred. 2) Entry to record the isolation of fixed manufacturing overhead variances. Exercise 10-6 Contrasting Return on Investment (ROI) and Residual Income [LO10-1, LO10-2] Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions follow: Division Osaka Yokohama Sales Net operating income $ 10, 400, 000 $ 34, 000, 000 $ 520,000 $ Average operating assets $ 2,600,000 $ 2,380,000 17,000,000 Required: 1. For each division, compute the return on investment (ROI) in terms of margin and turnover. 2. Assume that the company evaluates performance using residual income and that the minimum required rate of return for any division is 12%. Compute the residual income for each division. 3. Is Yokohama's greater amount of residual income an indication that it is better managed? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 For each division, compute the return on investment (ROI) in terms of margin and turnover. ROI Osaka Yokohama % % The following variances and selected account balances are known (or unknown) for X Co. for the year 2030: Variable MOH Efficiency Variance Fixed MOH Spending Variance Production Volume Variance $53,650 F $17,000 F Variable MOH Spending Variance $24,850 U $22,000 F $621,000 ? $520,500 ? Fixed MOH Control Fixed MOH Allocated Variable MOH Allocated Variable MOH Control Required: Given the above information, record the following 2 entries only, for the year 2030: 1) Entry to record actual variable manufacturing overhead incurred. 2) Entry to record the isolation of fixed manufacturing overhead variances. Exercise 10-6 Contrasting Return on Investment (ROI) and Residual Income [LO10-1, LO10-2] Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions follow: Division Osaka Yokohama Sales Net operating income $ 10, 400, 000 $ 34, 000, 000 $ 520,000 $ Average operating assets $ 2,600,000 $ 2,380,000 17,000,000 Required: 1. For each division, compute the return on investment (ROI) in terms of margin and turnover. 2. Assume that the company evaluates performance using residual income and that the minimum required rate of return for any division is 12%. Compute the residual income for each division. 3. Is Yokohama's greater amount of residual income an indication that it is better managed? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 For each division, compute the return on investment (ROI) in terms of margin and turnover. ROI Osaka Yokohama % %