College Health Foods has the following information available: Actual labor rate per hour $15 Standard labor rate per hour $16 Actual hours 200 Standard hours per units produced 220 Actual price paid for materials $1.00 Standard price for material $0.90 Actual quantity purchased and used in production 100 Standard quantity for units produced 110 A. What is the Labor rate variance? (5 marks) B. What is the Efficieny variance? (5 marks) C. What is the Material Price Variance? (5 marks) D. What is the Quantity Variance? (5 marks)Juman Auto Parts makes sells a basic car bulb for $2.20. The cost of producing 400,000 bulbs in the prior year was: + Revenue $880,000 Direct materials $420,000 Direct labor $508,000 Manufacturing overhead (fixed) $238,000 Manufacturing overhead (variable) $440,000 Juman Auto Parts received a special order for 20,000 car bulbs to be sold for $2.40 per bulb. To complete the order, the company must incur an additional $600 in total fixed costs to rent an equipment. This order will not affect any of Juman Auto Parts other operations and it has excess capacity to fulfill the contract. Should the company accept the special order? (Show all workings) (20 marks)A. In the correct format, prepare the income statement using the following information: ensure you include values like GROSS PROFIT, TOTAL EXPENSE, PRE-TAX INCOME and NET INCOME. (10 marks) + Administrative expense 690 Marketing cost (uncontrollable) 790 Selling expense 1,250 Cost of Goods Sold 119,070 Depreciation Expense 17,000 Other expense 320 Research and development (uncontrollable) 315 Sales 189,000 Allocated costs (uncontrollable) 2,035 Labor expense 41,580 Income tax expense (21% of pretax income) ? B. Assume a base of $100,000 and 6% cost of capital, calculate the a. profit margin, (2 marks) b. return on investment, (2 marks) c. residual income. (2 marks) C. Explain two reasons why uncontrollable costs are included in the income statement. (4 marks)Roofing company wants to purchase an equipment: Equipment X cost $8,000 and will generate net cash inflows of $1,500 in year one, $2,000 in year two, $2,500 in year three, $3,000 in year four and $2,000 in year five. Equipment Y cost $6,500 and will generate net cash inflows of $2,500 in year one, $1,000 in year two, $2,500 in year three, $1,000 in year four and $2,000 in year five. A. What is the Payback period for Equipment X and Equipment Y? If the Payback period is used which Equipment should be purchased? (10 marks) B. What is the NPV using 8% as the discount rate for equipment X and equipment Y? If the NPV is used which Equipment should be selected? (10 marks)Langston Roach industries has two departments: Department Y is looking at a new project that will generate a prot of $1,200,000 'om a machine that costs $4,000,000. It has a weighted average cost of capital of 9.5%. Department Z is looking at a new project that will generate a prot of $1,350,000 'om a machine that costs $5,000,000. It has a weighted average cost of capital of 9.5%. The Company has a tax rate of 30% and a minimum rate of return of 20%. A. What is the EVA for Department Y and Department Z.? What if Langston Roach uses EVA to evaluate the projects, which department has the better project and by how much? (5 marks) B. What is the RI for Department Y and Department 2.? What if Langston Roach uses RI, which department has the better project and by how much? (5 marks) C. What are two reasons for the similarity or difference that you found in the use of EVA versus RI. (5 marks) D. What combination of quantitative factors and qualitative factors can Langston Roach industries use as a performance management system? Explain your