Q3Arshan Industries is a division of a major corporation. Last year the division had total sales of $23,380,000, net operating income of $2,828,980, and average operating assets of $7,000,000. The company’s minimum required rate of return is 12%. What is the division’s return on investment (ROI)?

Accounting Question

Q1. Unfavorable variance that occurs when:

1. actual costs are greater than budgeted costs.
2. actual costs are lower than budgeted costs.
3. actual costs equals budgeted costs.
4. actual costs are lower than sunk costs.

Q.2 A continuous (or perpetual) budget:

1. is prepared for a range of activity so that the budget can not be adjusted for changes in activity.
2. is a plan that is updated monthly or quarterly, dropping one period and adding another.
3. is a strategic plan that does not change.
4. is used in companies that experience no change in sales.

Q3Arshan Industries is a division of a major corporation. Last year the division had total sales of $23,380,000, net operating income of $2,828,980, and average operating assets of $7,000,000. The company’s minimum required rate of return is 12%. What is the division’s return on investment (ROI)?

Q4 Prepare a balanced scorecard with an example of your own.