Dana, Inc. recently completed 56,000 units of a product that was expected to consume 4 pounds of direct material per

finished unit. The standard price of the direct material was $8.50 per pound. If the firm purchased and consumed

228,000 pounds in manufacturing (cost = $1,881,000), the direct-material quantity variance would be (with steps)

Russell's is considering purchasing $697,400 of equipment for a four-year project. the equipment falls in the five-year macrs class with annual percentages of .2, .32, .192, .1152, .1152, and .0576 for years 1 to 6, respectively. at the end of the project the equipment can be sold for an estimated $135,000. the required return is 13.2 percent and the tax rate is 23 percent. what is the amount of the aftertax salvage value of the equipment assuming no bonus depreciation is taken