Byrd company produces one product, a putter called go-putter. byrd uses a standard cost system and determines that it should take one hour of direct labor to produce one go-putter. the normal production capacity for this putter is 120,000 units per year. the total budgeted overhead at normal capacity is $1,080,000 comprised of $360,000 of variable costs and $720,000 of fixed costs. byrd applies overhead on the basis of direct labor hours.

during the current year, byrd produced 76,600 putters, worked 98,400 direct labor hours, and incurred variable overhead costs of $143,395 and fixed overhead costs of $602,095.

compute the predetermined variable overhead rate and the predetermined fixed overhead rate.

a. predetermined overhead rate
b. compute the applied overhead for byrd for the year.
c. overhead applied
d. compute the total overhead variance.
e. total overhead variance
f. favorable nor unfavorable

Cardinal company is considering a project that would require a $2,725,000 investment in equipment with a useful life of five years. at the end of five years, the project would terminate and the equipment would be sold for its salvage value of $400,000. the company’s discount rate is 14%. the project would provide net operating income each year as follows: sales $2,867,000 variable expenses 1,125,000 contribution margin 1,742,000 fixed expenses: advertising, salaries, and other fixed out-of-pocket costs $706,000 depreciation 465,000 total fixed expenses 1,171,000 net operating income $571,000 1. which item(s) in the income statement shown above will not affect cash flows? (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.) (a)sales (b)variable expenses (c) advertising, salaries, and other fixed out-of-pocket costs expenses (d) depreciation expense 2. what are the project’s annual net cash inflows? 3.what is the present value of the project’s annual net cash inflows? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 4.what is the present value of the equipment’s salvage value at the end of five years? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 5.what is the project’s net present value? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.)