Epley Corporation makes a product with the following standard costs. Direct materials Direct labor Variable overhead Standard Quantity or Hours 13.5 pounds 0.8 hours 0.8 hours Standard Pride or Rate $130 per pound $39.00 per hour $18.50 per hour In July the company produced 3.500 units using 14.000 pounds of the direct material and 2,920 direct labor. hours. During the month the company purchased 14.760 pounds of the direct material at a cost of $35100, The actual direct labor cost was $113,461 and the actual variable overhead cost wes 05828 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased The labor rate variance for July is. $4.261 F $419 F $4,261 U $419 U A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead Variable manufacturing overhead standards are based on machine-hours Standard hours per unit of output Standard variable overhead rate 5.10 machine-hours $1120 per machine-hour The following data pertain to operations for the last month Actual hours Actual total variable manufacturing overhead cost Actual output machine 8.600 hou $95.980 1600 units What is the variable overhead efficiency variance for the month? $4.928 U $7093 F $7093 U $2.532 U Oddo Corporation makes a product with the following standard costs: Standard Quantity or Hours 30 ounces 0.9 hours 0.9 hours Direct materials Direct labor Variable overhead Standard Price or Rate $780 per ounce $15.00 per hour $6.00 per our Standard cost Per Unit $284 me so 45 The company reported the following results concerning this product in December units units ounces hours Originally budgeted output Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials Actual direct labor rate Actual variable overhead rate 4 480 4280 13,300 4,312 15,060 $760 $19.10 $6.10 ounded per ounce per hou Der How The company applies variable overhead on the basis of direct abor-hours. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for December is: $3.496 U $3,588 F $3.588 U $3.496 F (Ignore income taxes in this problem.) The management of Cantell Corporation is considering a project that would require an initial investment of $55,000. No other cash outflows would be required. The present value of the cash inflows would be $84,080. The profitability index of the project is closest to: 0.47 1.53 0.35 0.53 (Ignore income taxes in this problem.) The management of Helberg Corporation is considering a project that would require an investment of $255.000 and would last for 6 years. The annual net operating income from the project would be $109.000, which includes depreciation of $32,000. The scrap value of the project's assets at the end of the project would be $16.000. The cash inflows occur evenly throughout the year. The payback period of the project is closest to: 2.0 years 1.8 years 2.3 years 1.6 years