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help ASAP Please use the following to answer question 20 to 22 Direct material ( 3gallons @ $6per gallon) $18.00 Direct labor 2hours @ $

help ASAP

Please use the following to answer question 20 to 22

Direct material ( 3gallons @ $6per gallon) $18.00

Direct labor 2hours @ $ 10 per hour $20.00

During the period, the company produced and sold 22,000 units incurring the following costs:

Direct materials 58000 gallons at $5.90 per gallon

Direct tabor 45.000 at $9.75 per hour

The direct labor usage variance was:

Question 20 options:

a)

$15,000 unfavorable

b)

$15,000 favorable

c)

$14,625 unfavorable.

d)

$14,625 favorable

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Question 21 (3 points)

image text in transcribed

The Russell Company provides the following standard cost data per unit of product:

During the period, the company produced and sold 22,000 units incurring the following costs:

The direct labor price variance was:

Question 21 options:

a)

$11,000 unfavorable.

b)

$11,000 favorable

c)

$11,375 unfavorable

d)

$11,375 favorable.

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Question 22 (3 points)

image text in transcribed

The Russell Company provides the following standard cost data per unit of product:

During the period, the company produced and sold 22,000 units incurring the following costs:

The direct material usage variance was:

Question 22 options:

a)

$12,000 unfavorable

b)

$12,000 favorable

c)

$11,800 unfavorable

d)

$11,800 favorable.

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Question 23 (4 points)

image text in transcribed

Young Corporation is considering purchasing equipment that costs $80,000 and is expected to provide the following cash inflows over its five-year useful life:

year cash inflow

1 18000

2 22000

3 24000

4 16000

5 9000

What is the payback period of this investment project (rounded to the nearest year)?

Question 23 options:

a)

2 years

b)

4 years

c)

3 years

d)

6 years

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