The standards for railroas which is its only product.7 1e, Michael Corporation manufactures railroad cans. nlard labor hours per car abor cost per direct labor hour During the month of March the company produced 1 500 railroad cars Related production data for the month 500 railroad cars. Related l direct labor hours I direct labor total cost what is the direct labor eficiency varilancoe for the month B) $500,000 unfavorable D) $800,000 favorable A) $385,000 unfavorable )5385,000 favorable 17. Please use the information provided in question 16 What is the direct labor rate variance for the month? A) $385,000 favorable C) $135,000 unfavorable B) 5385,000 unfavorable D) $135,000 favorable 18. The type of standard that expects no waste and no inefficiencies in the production process is A) realistic standard. referred to as a(n) B) ideal standard. D) practical standard. C) efficiency standard. 19. Landrum Corporation is considering investing in specialized equipment costing $250,000. The equipment has a useful life of 5 years and a residual value of $20,000. Depreciation is calculated using the straight-line method. The ex cash inflows from the investment are: ear 2 ear 3 ,000 110,000 525,000 otal cash inflows Landrum Corporation's required rate of return (ARR) on investments is 12%. What is the accounting rate of return on the investment and would they accept or reject investing int the special equipment based on ARR? A)18.40% and accept B) 7.60% and reject C)585% and reject D)26.00% and accept 20. Please use the information from question 19. Landrum Corporation's required payback is 3 years What is the payback period on the investment and would they accept or reject the investment in the special equipment? Round to the nearest tenth. A)29 and accept B)3.8 and reject C) 13.2 and reject d accept