Pro forma income statement austin grocers recently reported the following 2016 income statement (in millions of dollars): sales $700 operating costs including depreciation 500 ebit $200 interest 40 ebt $160 taxes (40%) 64 net income $96 dividends $32 addition to retained earnings $64 for the coming year, the company is forecasting a 15% increase in sales, and it expects that its year-end operating costs, including depreciation, will equal 60% of sales. austin's tax rate, interest expense, and dividend payout ratio are all expected to remain constant. what is austin's projected 2017 net income? what is the expected growth rate in austin's dividends?

Doogan corporation makes a product with the following standard costs: standard quantity or hours standard price or rate direct materials 2.0 grams $ 7.00 per gram direct labor 1.6 hours $ 12.00 per hour variable overhead 1.6 hours $ 6.00 per hour the company produced 5,000 units in january using 10,340 grams of direct material and 2,320 direct labor-hours. during the month, the company purchased 10,910 grams of the direct material at $7.30 per gram. the actual direct labor rate was $12.85 per hour and the actual variable overhead rate was $5.80 per hour. the company applies variable overhead on the basis of direct labor-hours. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for january is: