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please show steps 10. The standard direct materials quantity allowed for the product units produced was 7,200 kilos (kg), the standard price was $3.40 per

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10. The standard direct materials quantity allowed for the product units produced was 7,200 kilos (kg), the standard price was $3.40 per kg, and the direct materials quantity variance was $950 favorable. After actual production completed, the factory reported that each product unit required 1.20 kg of direct materials. Calculate the actual number of product units that were manufactured (round to the nearest unit). 11. Refer to the data in problem 10 above. Calculate the actual price of the direct materials per kg if the total direct materials cost variance was S440 unfavorable (round to nearest 30.00). 12. Gossett Co. invested in equipment 3 years ago. The company's acceptable rate of return is 12%, but the actual net present value of the investment was (S700) (negative). Annual net cash flows were: S12,000 for year 1; $18,000 for year 2; and $9,000 for year 3. Use the following Present Value of $1 table: Year (period) 6% 10% 12% 15% 0.9430.9090.8930.870 2 0.8900.8260.7970.756 0.840 0.751 0.712 0.658 Calculate the amount of the initial investment (original cost). Year (period) 6% 10% 12% 15% 1 0.9430.9090.893 0.870 2 0.890 0.8260.797 0.756 3 0.840 0.751 0.712 0.658

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