The variable overhead efficiency variance measures the difference between the actual level of activity and the standard activity allowed for the actual output, multiplied by the fixed part of the predetermined overhead rate.
Answer the following statement true (T) or false (F)
False
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A limited partner in a limited liability partnership (LLP) is _____.
A. responsible for the general management of the business B. liable for only the amount invested in the partnership C. responsible for negligence, irresponsibility, or similar acts committed by any other partner D. liable to pay tax on the general partner's share of partnership income E. personally liable for the partnership debts
Nature's Finest, Inc develops a fruit juice bottle design and label with distinctive shades of orange, red, and green. Only the company's name and not the appearance of its product can be a trademark
a. True b. False Indicate whether the statement is true or false
Dock Corporation makes two products from a common input. Joint processing costs up to the split-off point total $33,600 a year. The company allocates these costs to the joint products on the basis of their total sales values at the split-off point. Each product may be sold at the split-off point or processed further. Data concerning these products appear below: Product XProduct YTotalAllocated joint processing costs$16,800$16,800$33,600Sales value at split-off point$24,000$24,000$48,000Costs of further processing$15,000$18,700$33,700Sales value after further processing$35,500$45,100$80,600What is the minimum amount the company should accept for Product X if it is to be sold at the split-off point?
A. $31,800 B. $16,800 C. $20,500 D. $35,500
Each year, shareholders receive a dividend equal to the firm's net earnings divided by the number of shares of common stock
Indicate whether this statement is true or false.