Below is a table for the present value of $1 at Compound interest. Year 6% 10% 12% 0.943 0.909 0.893 0.890 0.826 0.797 0.840 0.751 0.712 0.792 0.683 0.636 0.747 0.621 0.567 Below is a table for the present value of an annuity of $1 at compound interest. Year 6% 10% 0.943 1.833 2.673 3.465 4.212 0.909 1.736 2.487 3.170 3.791 12% 0.893 1.690 2.402 3.037 3.605 Using the tables above, what would be the present value of $18,630 (rounded to the nearest dollar) to be received 4 years from today, assuming an earnings rate of 10%? a. $14,755 b. $59,057 c. $12,724 d. $18,630 Schedule of Activity Costs Quality Control Activities Activity Cost $48,600 29,900 Process audits Training of machine operators Processing returned products Scrap processing (disposal) Rework 19,300 24,900 8,300 Preventative maintenance 30,500 41,100 Product design Warranty work Finished goods inspection 9,100 22,900 From the above schedule of activity costs, determine the non- value-added costs. a. $61,600 b. $116,500 c. $52,500 d. $234,600 The production department is proposing the purchase of an automatic insertion machine. It has identified 3 machines and has asked the accountant to analyze them to determine the best average rate of return. Machine A Machine B Machine C Estimated average annual income $46,558.82 $72,626.40 $66,583.35 Average investment $332,563.00 $242,088.00 $443,889.00 a. Machine B Ob. Machine A or B c. Machine A d. Machine C Schedule of Activity Costs Quality Control Activities Activity Cost Process audits $49,300 Training of machine operators 25,000 Processing returned products 16,800 Scrap processing (disposal) 26,900 Rework 7,300 Preventative maintenance 28,700 Product design 41,900 Warranty work 7,200 Finished goods inspection 23,700 From the above schedule of activity costs, determine the total activity cost. a. $100,300 b. $149,400 c. $274,428 d. $226,800 Schedule of Activity Costs Quality Control Activities Activity Cost Process audits $48,300 Training of machine operators Processing returned products 25,600 20,100 26,200 Scrap processing (disposal) Rework 7,100 Preventative maintenance 30,300 Product design 40,900 Warranty work 7,100 Finished goods inspection 23,200 From the above schedule of activity costs, determine the value- added costs. a. $175,400 b. $168,300 c. $145,100 d. $228,800