Chee Corporation has gathered the following data on a proposed investment projec

Question

Chee Corporation has gathered the following data on a proposed investment project: (Ignore income taxes in this problem.)

What is the materials quantity variance for the month? (Input the amount a as positive value. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.)

Chee Corporation has gathered the following data on a proposed investment project: (Ignore income taxes in this problem.)

Explanation / Answer

Ans: The payback period for the investment is closest to:6.1 years

Explanation:

Payback period = Investment required ÷ Annual net cash inflow

                            = $470000 ÷ $77000 = 6.1 years

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