The two variances for variable overhead are
A) spending and efficiency variances
B) spending and budget variances
C) budget and volume variances
D) spending and volume variances
E) volume and efficiency variances
A
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A company that is ________ in its approach to public relations (PR) will extend home-country activities into host countries
A) regiocentric B) polycentric C) ethnocentric D) domestic E) hostile
They agreed to admit Ramelow into the business for a one-fifth interest in the new partnership. Ramelow contributes $27,000 cash in exchange for the partnership interest. Assume that Floyd and Merriam shared profits and losses in a 3:1 ratio before the admission of Ramelow. Which of the following is the correct journal entry to record the above admission?
Floyd and Merriam start a partnership business on June 12, 2019. Their capital account balances as of December 31, 2020 stood as follows:
Which of the following statements is true of the Sherman Act?
A. The Sherman Act applies only to the sale of goods. B. Price fixing in the service sector is permitted under the Sherman Act. C. Maximum-price agreements are illegal, while minimum-price agreements are not illegal. D. The Sherman Act covers services, including those performed by learned professions. E. An action is not considered to be price fixing if the prices fixed are fair or reasonable.
A company's trade secret lasts for
a. 20 years after the application is filed. b. 70 years after the death of the creator. c. 10 years, but it can be renewed for an unlimited number of terms as long as it is used. d. as long as it is kept confidential.