A company must purchase a machine that will be used over the next twenty years. The purchase price is $100,000, and the salvage value after twenty years is $5,000. The annual insurance cost is 2.5% of the purchase price, the average annual electricity cost is $764.51, and maintenance and replacement parts cost $200 per year. The effective annual interest rate is 3%. Neglect taxes. What is the effective uniform annual cost (EUAC) of ownership

Doogan corporation makes a product with the following standard costs: standard quantity or hours standard price or rate direct materials 2.0 grams $ 7.00 per gram direct labor 1.6 hours $ 12.00 per hour variable overhead 1.6 hours $ 6.00 per hour the company produced 5,000 units in january using 10,340 grams of direct material and 2,320 direct labor-hours. during the month, the company purchased 10,910 grams of the direct material at $7.30 per gram. the actual direct labor rate was $12.85 per hour and the actual variable overhead rate was $5.80 per hour. the company applies variable overhead on the basis of direct labor-hours. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for january is: