The sales-volume variance is:
A) $4,000 favorable
B) $28,000 unfavorable
C) $32,800 unfavorable
D) $4,800 favorable
Ans: C) $32,800 unfavorable
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When firms change after some threat has affected the existing business, this is ______.
a. reactive b. proactive c. incremental d. discontinuous
Which of the following is a true statement?
a. A principle contains elements observable by empirical techniques. b. The APB’s Special Committee on Research Program defined both postulates and broad principles. c. A principle is an analytical statement whose truth or falsity is self-contained by its internal logic. d. Postulates are generally defined as basic assumptions that cannot be verified.
Rajan Company's most recent balance sheet reported total assets of $1.9 million, total liabilities of $0.8 million, and total equity of $1.1 million. Its Debt to equity ratio is:
A. 0.58 B. 1.00 C. 0.73 D. 0.42 E. 1.38
Speculative risk is uninsurable
Indicate whether the statement is true or false