The grounds keeping department of a company would most likely be considered O an investment center. O a profit center. O a cost center. The Grace Company purchased equipment for $14,000 on January 1, 2022 and estimates that it will increase net cash flows by the following amounts Year 1 $5,800 Year 2 4,200 Year 3 3,100 Year 4 1,900 Year 5 800 At the end of that time the equipment will be worthless. What is the cash payback period for the equipment? Round your final answer to two decimal places. The Sands Corporation produces packaged sandwiches. In a recent budget performance report, there was a favorable direct labor price variance. Which of the following could help explain the variance? O Last month, factory workers completed a production equipment training program. To meet production needs, overtime pay was required. O The company experienced production equipment failures. O Workers recently accepted a temporary pay cut. O Because of poor performance, one of the factory workers was recently fired.