Rex Industries plans to expand its product line. The project…

Rex Industries plans to expand its product line. The project requires an initial investment of $285,000 to purchase new equipment. The annual revenues and expenses generated by this project each year during its 9-year life are as follows: The only non-cash item of income or expense is depreciation expense. The salvage value of the equipment at the end of the 9 years is $15,000. What is the payback period of this project in years? (Round to one decimal point.)

Radon Inc. uses a standard cost accounting system and alloca…

Radon Inc. uses a standard cost accounting system and allocates manufacturing overhead costs based on machine hours. Here are data regarding the current year: What is the fixed manufacturing overhead volume variance? Enter a positive whole dollar amount and do not enter a dollar sign (e.g., enter 89, not $89.00).