Songster Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: Original BudgetActual CostsFixed overhead costs: Supervision$14,100 $13,650 Utilities 5,300 5,060 Factory depreciation 7,200 7,470 Total overhead cost$26,600 $26,180 The company based its original budget on 3,500 machine-hours. The company actually worked 3,700 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 3,820 machine-hours. What was the overall fixed manufacturing overhead budget variance for the month?
A. $420 Unfavorable
B. $2,432 Favorable
C. $420 Favorable
D. $2,432 Unfavorable
Answer: C
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The Sherman Act:
A. does not provide criminal penalties for violations of its provisions. B. makes contracts in restraint of trade and monopolization illegal. C. was specifically designed to attack tie-in, exclusive dealing, and requirements contracts. D. does not give the federal courts any injunctive powers.
According to the net present value technique, a project is considered acceptable if:
A) the sum of all cash inflows and outflows is positive. B) the difference between all discounted cash inflows and outflows exceeds zero. C) it lowers costs below an acceptable hurdle rate. D) its rate of return is greater than the firm's cost of capital. E) it returns the initial investment faster than competing projects.
Two conditions are used to determine whether a stock is in equilibrium: (1) Does the stock's market price equal its intrinsic value as seen by the marginal investor, and (2) does the expected return on the stock as seen by the marginal investor equal his or her required return? If either of these conditions, but not necessarily both, holds, then the stock is said to be in equilibrium.
Answer the following statement true (T) or false (F)
________ is the process by which a person exerts influence over others and inspires, motivates, and directs their activities.
A. Leadership B. Management C. Empowerment D. Benchmarking E. Consideration