Regent, Inc. uses the following standard to produce a single unit of its product: overhead $6 (2 hrs. @ $3/hr.). The flexible budget for overhead is $100,000 plus $1 per direct labor hour. Actual data for the month show overhead costs of $150,000, and 24,000 units produced. The overhead volume variance is:
A. $10,000 favorable.
B. $36,000 unfavorable.
C. $4,000 unfavorable.
D. $16,000 unfavorable.
E. $12,000 favorable.
Answer: C
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Liabilities are owners' claims on assets.
Answer the following statement true (T) or false (F)
You are the manager of your division at a large technology firm, and have been waiting to get approval to hire a new person. You have someone in mind: your long-time friend and college roommate, who you know would be a terrific fit with your team. But you are also aware that the company wants to increase its diversity, especially with regard to women. You worry about this, since your team is all
male, and adding a woman would change the dynamics considerably. You've now advertised the new position, as required, and the two best candidates are your friend, and a Latina woman you have never met before. Neither candidate has met your team. Of the following, which would be the best decision? a. hire your friend; you know he'll fit with the current team b. hire the woman; the firm will be happy that you've improved diversity c. have both candidates meet with your team, each one separately, and get their input on the candidates; then decide based on their preference d. have both candidates meet with your team, each one separately, and get their input on the candidates; then make the decision on your own, objectively
Written defamation is _____; oral defamation is _______.
A. fraud; conversion B. conversion; fraud C. slander; libel D. libel; slander
Linzey Corporation has provided the following data: Year 2Year 1Common stock, $2 par value$120,000 $120,000 Retained earnings$747,000 $720,000 Total stockholders' equity$927,000 $900,000 The company's net income in Year 2 was $33,000. The company's book value per share at the end of Year 2 is closest to:
A. $22.45 per share B. $15.45 per share C. $0.55 per share D. $12.45 per share