Waterway Industries has a materials price standard of $2.00 per pound. 6600 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 6600 pounds, although the standard quantity allowed for the output was 5200 pounds Waterway Industries's materials price variance is 513201 $10.40 $200 513200 Tamarisk Corp. has an 8% required rate of return. It's considering a project that would provide annual cost savings of $58000 for 5 years. The most that Johnson would be willing to spend on this project is Present Value of at 8% Year 1 2 PV of an Annuity of lat 8% 0.926 1.783 2.577 3.312 3.993 0.926 0.857 0.794 0.735 0.681 3 4 5 $146056 $192096 $39498 $231594