Joe's Hardware is adding a new product line that will require an investment of $ 1,512,000. Managers estimate that this investment will have a 10-year life and generate net cash inflows of $ 310,000 the first year, $ 270,000 the second year, and $ 230,000 each year thereafter for eight years. Compute the payback period. Round to one decimal place.

Levine inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. direct materials (9 pounds at $1.80 per pound) $16.20 direct labor (6 hours at $14.00 per hour) $84.00 during the month of april, the company manufactures 270 units and incurs the following actual costs. direct materials purchased and used (2,500 pounds) $5,000 direct labor (1,660 hours) $22,908 compute the total, price, and quantity variances for materials and labor.