Abc steel co. is considering buying a new machine in order to increase its production capacity using new technology. details about the new equipment are below: purchase cost $300,000 savings offered by the new machine $62,500 per year life of the new machine 15 years the corporate policy of abc steel co. is to reject all proposal with a payback period of more than 7 years. therefore, would abc buy the new machine?

a. 7.2 years
b. 6.8 years
c. 4.8 years
d. 12.4 years

Alocal barnes and noble bookstore ordered 80 marketing books but received 60 books. what percent of the order was missing?

Consider derek's budget information: materials to be used totals $64,750; direct labor totals $198,400; factory overhead totals $394,800; work in process inventory january 1, $189,100; and work in progress inventory on december 31, $197,600. what is the budgeted cost of goods manufactured for the year? a. $1,044,650 b. $649,450 c. $657,950 d. $197,600

Doogan corporation makes a product with the following standard costs: standard quantity or hours standard price or rate direct materials 2.0 grams $ 7.00 per gram direct labor 1.6 hours $ 12.00 per hour variable overhead 1.6 hours $ 6.00 per hour the company produced 5,000 units in january using 10,340 grams of direct material and 2,320 direct labor-hours. during the month, the company purchased 10,910 grams of the direct material at $7.30 per gram. the actual direct labor rate was $12.85 per hour and the actual variable overhead rate was $5.80 per hour. the company applies variable overhead on the basis of direct labor-hours. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for january is: