1e find sales volume variance, sales price variance, direct labour efficiency variance and direct labour rate variance

1d) Canine Ltd wants to buy a new dog food mixing machine to improve 10 production and having paid 2,000 for an initial report is considering purchasing marks machine A. Machine A has a scrap value of 8,000 and costs 50,000. There would be an investment of 3,000 in working capital which would be released at the end of the project. Machine A will depreciate evenly over the 3-year period. The company's cost of capital is 8%. The net operating cash flows for Machine A are as follows: Machine A E Net Operating Cash flows: Year 1 15,000 Year 2 20,000 Year 3 26,000 i) What g the yearly Net Relevant Cashflows'? (insert your answer here) ii) Calculate the Net Present Value and Payback Period of Machine A (insert your answer here) iii) Discuss whether you would accept Machine A (insert your answer here) 1e) Health Products operates a standard cost accounting system and budgeted to produce 20,000 units of Product K for a selling price of 40 per unit. The monthly budgeted standard cost for March 2021 was as follows: Product K Standard cost per unit () Direct material 6 kilograms at 4 per kg 24 Direct Labour 1 hour at 7 per hour 7 Variable production overhead" 3 Marginal cost per unit 34 *Variable production overhead varies with units produced Budgeted xed production overhead, per month: 100,000. The actual selling price was 45 per unit and actual production and costs for March 2021 were as follows: Units of K produced 18,500 () Direct materials purchased and used: 113,500kg 442,550 Direct labour: 17,800 hours 129,940 Variable production overhead incurred 58,800 Fixed production overhead incurred 104,000 Calculate the following variances