Which of the following statements is correct?
a. NPV and IRR yield similar decisions for mutually exclusive projects.
b. The project with the lowest IRR should be chosen.
c. The project with the lowest NPV should be chosen.
d. NPV and IRR yield similar decisions for independent projects.
e. All of these statements are correct.
d
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Moozi Dairy Products processes and sells two products: milk and butter. Last year, Moozi budgeted $1,200,000 of fixed manufacturing overhead and chose a denominator level of activity of 80,000 machine-hours. Each unit of milk at Moozi has a standard of 0.1 machine-hours and each unit of butter has a standard of 0.08 machine-hours. Last year, Moozi processed 560,000 units of milk and 340,000 units of butter. Moozi's total fixed manufacturing overhead incurred last year was $1,256,000. Actual machine-hours incurred for the year were 82,000. Moozi applies manufacturing overhead to its products on the basis of standard machine-hours.Required:Compute Moozi's fixed manufacturing overhead variances for last year.
What will be an ideal response?
Agents are seldom used in channels for consumer products.
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