Chillco Corporation produces containers of frozen food. During April, Chillco produced 785 cases of food and incurred the following actual costs. Variable overhead $6,900
Fixed overhead 10,500
Actual labor cost (4,000 direct-labor hours) 74,400
Actual material cost (24,500 pounds purchased and used) 51,450
Overhead is budgeted and applied using direct-labor hours in a standard costing system. Standard cost and annual budget information are as follows:

Standard Costs per Case Direct labor (4 hours at $18 per hour) $72.00
Direct material (30 pounds at $1.80 per pound) 54.00
Variable overhead (4 direct-labor hours at $2.10 per hour) 8.40
Fixed overhead (4 direct-labor hours at $3 per hour) 12.00
Total $146.40
Annual Budget Information Variable overhead $84,000
Fixed overhead $120,000
Planned activity for year 40,000 direct-labor hours

Required:
Compute the following cost variances from the available data.

a. Direct-material price variance
b. Direct-material purchase price variance
c. Direct-material quantity variance
d. Direct-labor rate variance
e. Direct-labor efficiency variance
f. Variable-overhead spending variance
g. Variable-overhead efficiency variance
h. Fixed-overhead budget variance

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.)