1) Abby Companys standard fixed overhead rate is based on budgeted fixed manufacturing overhead of $148,000 and budgeted production of 32,000 units. Actual results for the month of October reveal that Abby produced 31,016 units and spent $167,643 on fixed manufacturing overhead costs. What is the fixed overhead that was applied to Abbys actual production units?

2)

You plan to retire in 40 years. Assume you are able to earn 10 percent interest on your investments.

Factors to use for n=40, I =10% (DO NOT USE ANY OTHER FACTORS OR EQUATIONS) Future Value of $1 45.259

Future Value of an Annuity of $1 442.59 Present Value of $1 .022 Present Value of an Annuity of $1 9.779

If you invest $2,200 each year for the next 40 years, how much will you have when you retire?

3)

ABC, Inc purchased new equipment for $58,800. The new equipment would save on operating costs over the next 5 years as follows: $22,400 in year 1; $21,900 in year 2; $23,600 in year 3; $10,700 in year 4; and $11,100 in year 5. The payback period for the new equipment is ______ years. Enter your answer rounded to 2 decimals.

4) ABC, Inc purchases equipment for $56,380. The equipment will be depreciated over 8 years with no residual value. ABCs annual cash flows for the year will be $54,430. ABCs operating net income will be $_________