Jarvey Corporation is studying a project that would have a ten-year life and would require a $450,000 Investment in equipment which has no salvage value. The project would provide net operating income each year as follows for the life of the project (Ignore income taxes.): Sales Less cash variable expenses Contribution margin Less fixed expenses: 500,000 200,000 300,000 Fixed cash expenses $ 150,000 Depreciation expenses Net operating income 45,000 195,000 $ 105,000 The company's required rate of return is 12%. The payback period for this project is closest to: A) 3 years B) 2 years C) 4.28 years D) 9 years Viger Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine- hours (MHs). The company has provided the following data for the most recent month: 9,700 MHS Budgeted level of activity Actual level of activity Standard variable manufacturing overhead rate Actual total variable manufacturing overhead 9.900 MHS $ 6.30 per MH $ 60,390 What was the variable overhead rate variance for the month? A) $2,000 Favorable B) $720 Favorable C) $1,260 Unfavorable D) $1,980 Favorable