Crane Company has gathered the following information concerning one model of shoe: Variable manufacturing costs $50000 Variable selling and administrative $20000 costs Fixed manufacturing costs $160000 Fixed selling and administrative costs $120000 Investment $1500000 ROI 30% Planned production and sales 5000 pairs What is the total cost per pair of shoes? $148 $42 $70 $98 Question 6 of 50 > -/5 E View Policies Current Attempt in Progress Skysong Co, purchased some equipment 3 years ago. The company's required rate of return is 12%, and the net present value of the project was 512500) Annual cost savings were: $12000 for year 1: $8000 for year 2, and $4000 for years. The amount of the initial Investment was Year 1 2 Present Value PV of an Annuity ofat 12% of lat 12 0.89 0893 0.797 1690 0.712 516710 522440 SIMO The per-unit standards for direct materials are 2 gallons at $4 per gallon, Last month, 11000 gallons of direct materials that actually cost $40700 were used to produce 6200 units of product. The direct materials quantity variance for last month was $5600 favorable 55500 untivorable $5600 unfavorable $4200 favorable