Question
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:
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Question 21 (3 points)
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:
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Question 22 (3 points)
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:
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Question 23 (4 points)
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)?
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