having trouble in accounting

ANSWER QUESTIONS 848 and 149 using the below Given information. The Finest Overcoat Company makes overcoats. During January company management noted it used 18,500 hours of direct labor at a cost of $337,625 to produce 12,000 overcoats. Standards: 1.5 hours of direct labor per unit at $18 per hour wage rate. 48. The Standard Cost per unit of output for Direct Labor is $30.00 TRUE FALSE 49. The Direct Labor Rate Variance is: A. $4,625 Favorable B. $9,000 Favorable C. $4,625 Unfavorable D. $9,000 Unfavorable 50. Fixed Overhead costs are based on long-range planning that involve levels of capacity. TRUE FALSE 51. All of the following are true about Capital Budgeting EXCEPT: A. It is the process of analyzing alternative long-term investments and deciding which to purchase B. Capital Budgeting is risky due to uncertain outcomes C. Capital Budgeting involves large amounts of money D. Capital Budgeting decisions are usually easily reversed without significant consequences 52. The Payback Method, Accounting Rate of Return, and the Profitability Index all involve Time Value of Money (TVM). TRUE FALSE 53. The Internal Rate of Return (IRR) is the interest rate whereby NPV equals zero TRUE FALSE 54. Management would consider accepting a project or investment if its IRR is less than the project's or investment's Required Rate of Return (RRR). TRUE FALSE 55. The process of restating future cash Tows in today's dollars is known as A. Discounting B. Compounding C. Annualizing D. Capitalizing