Question $17$

Margin Inc. has the following standards:

Margin Inc. calculated the following variances in March:

What is the variable overhead efficiency variance?

Instructions: Submit a positive answer if the variance is favorable. Otherwise, submit a negative answer.

Question $18$

A restaurant chain Pasta$-$Pizza considers a project with an internal rate of return of $15\%$ that

requires initial investment of $$12,373$ and generates equal annual amounts of cash flow for $7$ years.

The cost of capital of Pasta$-$Pizza is $10\%$ and salvage value of the project is $$0.$

What is the annual amount of cash flow that the project generates?