The Consumer Products Division of Goich Corporation had average operating assets of $435,000 and net operating income of $48,000 in May. The minimum required rate of return for performance evaluation purposes is 10%.
What was the Consumer Products Division's minimum required return in May?
Multiple Choice
$4,800
$48,000
$48,300
$43,500

Salge inc. bases its manufacturing overhead budget on budgeted direct labor-hours. the variable overhead rate is $8.10 per direct labor-hour. the company's budgeted fixed manufacturing overhead is $74,730 per month, which includes depreciation of $20,670. all other fixed manufacturing overhead costs represent current cash flows. the direct labor budget indicates that 5,300 direct labor-hours will be required in september. the company recomputes its predetermined overhead rate every month. the predetermined overhead rate for september should be: