The fixed overhead application rate is a function of a predetermined "normal" activity level. If standard hours allowed for good output equal this "normal" activity level for a given period, the production-volume variance will be:
a. Zero.
b. Favorable.
c. Unfavorable.
d. Either favorable or unfavorable depending on the budgeted overhead.
a
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All of the following statements, if made by a salesperson, could have legally actionable consequences if the statement were incorrect EXCEPT:
A. "this refrigerator will preserve foods in the warmest weather." B. "this offer is valid only until the end of this month." C. "feel free to prescribe this drug to your patients, doctor. It's not addictive." D. "this mace pen is capable of instantaneous incapacitation for a period of 15 to 20 minutes." E. "this is a safe, dependable helicopter."
What does operating leverage reveal about a company?
Indicate with a Yes or No whether or not each of the following accounts would, under normal circumstances, require an adjusting entry. 1 . Cash 2 . Prepaid Expenses 3 . Depreciation Expense 4 . Accounts Payable 5 . Accumulated Depreciation 6 . Equipment
Which of the following is provided by the Delaware antitakeover statute?
A) An acquirer of a Delaware corporation cannot complete a merger with the acquired corporation unless it receives an affirmative vote from at least 35 percent shareholders of the acquired corporation. B) An acquirer of a Delaware corporation located outside Delaware cannot complete a merger with the acquired corporation until it has operated in Delaware for three years. C) An acquirer of a Delaware corporation must be incorporated in the state of Delaware or have its principal office in the state of Delaware. D) An acquirer of a Delaware corporation cannot complete a merger with the acquired corporation for three years after purchasing 15 percent or more of the Delaware corporation's shares.