Hernandez Corporation is analyzing a capital expenditure that will involve a cash outlay of exist104, 904. Estimated cash flows are expected to be exist36,000 annually for four years. Estimated annual net income is expected to be exist1, 049, 040. The percent value factors for an annuity of exist1 for 4 years at various interest rates are: The internal rate of return (IRR) for this investment is: a. 12% b 14% c 15% d. 10% A cost variance is: a. the difference between a standard amount and an actual amount b. a cost that is variable. C. the difference between a standard amount and a budgeted amount d. predetermined cost J & C Electronics, Inc. gathered the following direct materials cost information for the month of March The direct materials price variance is a. exist4, 250 unfavorable b exist11.865 favorable C exist11 865 unfavorable d exist4425 favorable