Please complete both and each step. Should the unfavorable values be negative? Please check over all work and answer quickly. Thanks!!

More Hits Company manufactures aluminum baseball bats that it sells to university athletic departments. It has developed the following per unit standard costs for 2019 for each baseball bat: Direct Materials Standard Quantity 2 Pounds (Aluminum) Standard Price $4.00 Unit Standard Cost $8.00 Direct Labor 1/2 hour $10.00 $5.00 Manufacturing Overhead 1/2 hour $6.00 $3.00 In 2019, the company planned to produce 120,000 baseball bats at a level of 60,000 hours of direct labor. Actual results for 2019 are presented below: 1. Direct materials purchases were 246,000 pounds of aluminum which cost $1,020,900. 2. Direct materials used were 220,000 pounds of aluminum. 3. Direct labor costs were $575,260 for 58,700 direct labor hours actually worked. 4. Total manufacturing overhead was $352,000. 5. Actual production was 114,000 baseball bats. Compute the following variances and identify whether the variance is favorable or unfavorable? 1. Direct Materials Price $ 36900 Unfavorable 2. Direct Materials Quantity $ 32000 Favorable Direct Labor Price 11740 Favorable In 2019, the company planned to produce 120,000 baseball bats at a level of 60,000 hours of direct labor. Actual results for 2019 are presented below: 1. Direct materials purchases were 246,000 pounds of aluminum which cost $1,020,900. 2. Direct materials used were 220,000 pounds of aluminum. 3. Direct labor costs were $575,260 for 58,700 direct labor hours actually worked. 4. Total manufacturing overhead was $352,000. 5. Actual production was 114,000 baseball bats. Compute the following variances and identify whether the variance is favorable or unfavorable? 36900 Unfavorable ta 1. Direct Materials Price 32000 Favorable 2. Direct Materials Quantity $ $ 11740 Favorable 3. Direct Labor Price 17000 Unfavorable $ 4. Direct Labor Quantity 10,000 Unfavorable ta 5. Total Overhead Variance McKnight Company is considering two different, mutually exclusive capital expenditure proposals. Project A will cost $496,000, has an expected useful life of 12 years, a salvage value of zero, and is expected to increase net annual cash flows by $72,400. Project B will cost $335,000, has an expected useful life of 12 years, a salvage value of zero, and is expected to increase net annual cash flows by $50,000. A discount rate of 8% is appropriate for both projects. Click here to view the factor table. Compute the net present value and profitability index of each project. (If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg (45). Round present value answers to 0 decimal places, e.g. 125 and profitability index answers to 2 decimal places, e.g. 15.25. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Net present value - Project A $ 49611 Profitability index - Project A 1.10 Net present value - Project B $ 41803 Profitability index - Project B 1.12 Which project should be accepted based on Net Present Value? should be accepted. Which project should be accepted based on profitability index? should be accepted