• Question 1: Calculate the Standard Cost and Efficiency and Total Variance for Direct Materials and Direct Labor (worth 5 points).
• Question 2: Calculate Payback for two capital project options, one with equal cash flows and one with unequal cash flows (worth 2 points).
• Question 3: Calculate Net Present Value for two capital project options, one with equal cash flows and one with unequal cash flows (worth 2 points)
• Question 4: Calculate Internal Rate of Return for a capital project with equal cash flows (worth 1 point).

Follow the prompts for each question. Each question will have its own rounding requirement.

*Rember to enter answers in comma format rounded to the nearest whole number \\( (1,234) \\) * Wonka company produces many kids of products, and sells exclusively to retailers. One of the products is the Giant Wonka Bar, a 12 inch milk chocolate bar, sold only as a single bar. Wonka company uses a traditional standard costing system to control costs and has established th following materials and labor standards to produce one Glant Wonka Bar: - Direct materials; 1.5 pounds @ \\$12 per pound - Direct labor; 0.6 hours \\$24 per hour - Variable manufacturing overhead; 0.6 hours @ \\$5.00 During 2025, Wonka company produced and sold 3,000 Giant Wonka Bars. 6,000 pounds of direct materials were used @ \\$11.50 per pound. 1600 direct labor hours were recorded during the montr at a cost of \\( \\$ 40,000 \\). Requirements: 1. Calculate the Direct Materials Cost and Efficiency Variances and note if the variances are unfavorable (U) or favorable (F) - DMCV: \\( \\uparrow \\) \\( \\mathrm{U} / \\mathrm{F} \\) DMEV: \\( \\$ \\) \\( \\mathrm{U} / \\mathrm{F} \\) 2. Calculate the Total Direct Materials Variance \\( \\circ \\$ \\) \\( \\mathrm{U} / \\mathrm{F} \\) 3. Calculate the Direct Labor Cost and Efficiency Variances and note if the variances are unfavorable (U) or favorable (F) - DLCV: \\( \\$ \\) \\( \\mathrm{U} / \\mathrm{F} \\) \u25CB DLEV: \\( \\$ \\) \\( \\mathrm{U} / \\mathrm{F} \\) 4. Calculate the Total Direct Labor Variance \\( \\circ \\$ \\) \\( \\mathrm{U} / \\mathrm{F} \\)