Pharoah Company has determined that the standard cost to manufacture its product includes 2 units of direct materials at $6.00 per unit. During January, the company purchased 50,400 units of direct materials at a cost of $5.85 per unit and used 50,400 units of direct materials to produce 23,600 units of its product. Calculate the total materials variance, and the price and quantity variances. Materials Variance Materials Price Variance Materials Quantity Variance $Oriole Corporation is considering purchasing another machine for its manufacturing operations. The machine would cost $400,400. It would have an estimated life of five years with no salvage value. The company estimates that annual cash inflows would increase by $204,000 and that annual cash outflows would increase by $94,000. Calculate the cash payback period. (Round answer to 2 decimal places, e-g. 15.25.) Cash payback period years Save for Later Attempts: 0 of 1 used Submit