Answer:
1. Glennon Company
Total manufacturing costs and costs of goods sold:
C) $790,000 $810,000
2. Carr Company
Annual Rate of Return for Project Soup:
B) 7.5%.
Explanation:
1A) Total Manufacturing costs
Direct materials used          $270,000
Beginning work in process     40,000  
Direct labor                            200,000 
Ending work in process         (20,000
)
Manufacturing overhead      300,000
Total manufacturing costs $790,000
1B) Costs of goods sold:
Beginning finished goods           50,000
Costs of goods manufactured  790,000
less Ending finished goods        (30,000)
Cost of goods sold                   $810,000
2)                                Project Soup       Project Nuts
Initial investment         $400,000           $600,000
Annual net income          30,000                46,000
Net annual cash inflow   110,000              146,000
Annual Rate of Return = Annual net income/Initial Investment
= $30,000/$400,000 x 100 = 7.5%