What is the name given to the variance that cannot be diversified away?
A) nonsystematic covariance
B) market covariance
C) nonsystematic variance
D) systematic variance
Answer: D
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Indicate whether the statement is true or false
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A. Continuous B. Virtual C. Task D. Explicit
Over which of the following does the federal government have jurisdiction?
A) the regulation of trade and commerce B) unemployment insurance (now called employment insurance) C) the law of contract D) both A and B E) all of the above
Buckbee Corporation manufactures and sells one product. The following information pertains to the company's first year of operations: Variable costs per unit: Direct materials$97Fixed costs per year: Direct labor$629,000Fixed manufacturing overhead$2,849,000Fixed selling and administrative expenses$1,056,000 The company does not have any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 37,000 units and sold 32,000 units. The company's only product is sold for $261 per unit.The unit product cost under super-variable costing is:
A. $224 per unit B. $191 per unit C. $114 per unit D. $97 per unit