The following details are provided by a manufacturing company: Product line Investment $1,010,000 Useful life 12 years Estimated annual net cash inflows for first year $460,000 Estimated annual net cash inflows for second year $440,000 Estimated annual net cash inflows for next ten years $160,000 Residual value $50,000 Depreciation method Straight line Required rate of return 15% Calculate the payback period for the investment. (Round your answer to two decimal places.) 0 A. 8.64 years O B. 2.20 years 0 C. 8.18 years O D. 2.69 years The management of Pamela's Pet Supplies has calculated the following variances: Direct materials cost variance $11,000 U Direct materials efficiency variance 35,000 F Direct labor cost variance 16,500 F Direct labor efficiency variance 13,500 U Total variable overhead variance 8,500 F Fixed overhead cost variance 3,500 F When determining the total product cost flexible budget variance, what is the fixed overhead variance of the company? O A. $3,500 F O B. $11,000 U O C. $13,500 U O D. $12,000 F