Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer all three parts. I will leave a great review! Materials) Materials) Cupcakes Cookies Standard quantity per batch 5 lbs. 4 lbs. Standard Price

image text in transcribed
image text in transcribed
image text in transcribedplease answer all three parts. I will leave a great review!
Materials) Materials) Cupcakes Cookies Standard quantity per batch 5 lbs. 4 lbs. Standard Price (SP) per pound $0.45/lb. Actual quantity purchased (AQP) and used per batch (pounds) 5 lbs. Actual Price (AP) paid 0.55/lb. $7.00/b. Price variance $30 U $500 U Quantity variance $211 F Flexible budget variance $2,500 U Number of units produced 280 300 What is the direct materials flexible budget variance for the flour in cupcakes? O A. $181 unfavorable O B. $241 unfavorable O c. $181 favorable O D. $241 favorable as a skyear and will cost $370,000. Projected net cash infows from the equipment are as follows: Sunny Days Corporation is deciding whether to automate one phase of the production process. The equipment Year 1 $140,000 Year 2 $100,000 Year 3 $80,000 Year 4 $10.000 Year 5 $18.00 $90.000 Data Table Sunny Days Corporation's hurdle rate is 12%. Assume the residual value is What is the net present value of the equipment? Ti (Click the icon to view the present value of $1 table) e A. $107.971 B596.403 1 Data Table 26 0.797 61 0621 0567 0.519 Cowell Corporation is considering an investment in new equipment costing $160,000. The equipment will be depreciated on a straight-line basis over a five-year life and is expected to generate net cash inflows of $40,000 the first year, $35,000 the second year, and $82,000 every year thereafter until the fifth year. What is the payback period for this investment? The equipment has no residual value. O A. 3.04 years OB. 2.51 years OC. 4.04 years OD. 3.25 years

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Assurance Services

Authors: William Messier, Steven Glover, Douglas Prawitt

6th International Edition

0071284664, 978-0071284660

More Books

Students also viewed these Accounting questions