Question #20 starts at the bottom of the first page and continues onto the top part of the second page. And then can you help with #21 also

A company buys a machine for $60,000 that has an expected life of 9 years and no salvage value. The company anticipates a yearly net income of $2,850 after taxes of 30%, with the cash flows to be received evenly throughout each year. What is the accounting rate of return? 2.85%. 4.75%. 6.65%. 9.50% 42.75%. References Learning Objective: 24-P2 Compute accounting rate of return and explain its use. Multiple Choice Difficulty: 3 Hard 20. Award: 10.00 points A new manufacturing machine is expected to cost $278,000, have an eight year life, and a $30,000 salvage value. T machine will yield an annual incremental Compute the payback period for the purchase. after-tax income of $35,000 after deducting the straight -line depreciation 0 87years. O 3.8 years O 42 years O 73 years O 5.4 years Multiple Choice Difficulty:3 Hard Learning Objective: 24-P1 Compute payback period and describe its use. 21. Award 6.00 points Based on a predicted level of production and sales of 12.000 units, a company anticipates reporting operating income of $26,000 after deducting variable costs of $72,000 and fixed costs of $10,000. Based on this information, the budgeted amounts of fixed and variable costs for 15,000 units would be O $10,000 of fixed costs and $72.000 of variable costs O $10,000 of fxed costs and $90.000 of variable costs O $12.500 of fixed costs and $90,000 of variable costs O $12,500 of fixed costs and $72,000 of variable costs O s10,000 of fixed costs and $81,000 of variable costs References Learning Objective: 21-P1l Prepare a flexible budget and interpret a flexible budget performance report Multiple Choice Difficulty. 3 Hard . Award: 6.00 points Fletcher Company collected the following data regarding production of one of its products. Compute the variable overhead variance