Akao Products uses a standard cost system. Variable overhead costs are allocated based on direct labor hours. In the first quarter, Akao had an unfavorable efficiency variance for variable overhead costs. Which of the following scenarios is a reasonable explanation for this variance?
A) The actual number of direct labor hours was lower than the budgeted hours.
B) The actual variable overhead costs were higher than the budgeted costs.
C) The actual variable overhead costs were lower than the budgeted costs.
D) The actual number of direct labor hours was higher than the budgeted hours.
D) The actual number of direct labor hours was higher than the budgeted hours.
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In terms of the statement of cash flows, cash includes actual cash items plus certain cash equivalents such as commercial paper, money market funds, and Treasury bills
a. True b. False Indicate whether the statement is true or false
An experiment consists of three steps. There are five possible results on the first step, two possible results on the second step, and three possible results on the third step. The total number of experimental outcomes is
A. 10. B. 625. C. 150. D. 180.
Isabellas, Inc., a local convenience store, sells soft drinks. It sells two large drinks for every small drink. A large drink sells for $3.00 with a variable cost of $0.80. A small drink sells for $1.00 with a variable cost of $0.50. The weighted average contribution margin is ________. (Round any intermediate calculations and your final answer to the nearest cent.)
A) $1.35 per drink B) $4.90 per drink C) $1.63 per drink D) $2.20 per drink
Which type of segmentation is most related to the use of the word when, such as when consumers get the idea to buy, when they actually make their purchase, or when they use the purchased item?
A) behavioral B) psychographic C) needs D) impulse E) values