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Payback Period
Initial investment / Annual net cash inflow
SRR or ARR
Operating income / Initial investment
AKAL: (Annual net cash inflows - depreciation expense) / Initial investment
Depreciation expense
(Initial expense - salvage value) / useful life in years
Internal Rate of Return
Interest rate that makes NPV of investment = 0.
PV inflowsx - PV outflows = 0 (solve for x)
Profitability Index
PV of net cash inflows / Initial investment
Predetermined MOH rate
Estimated total MOH / Estimated total allocation base
MOH applied
Predetermined MOH rate (or Activity Rate) * Amount of allocation base used
Activity rate
Estimated total costs in pool / Estimated total amount of allocation base
Conversion costs
DL + MOH