The volume variance is nonzero whenever:
A. standard hours allowed for the output of a period differ from the actual hours during the period.
B. actual hours differ from the denominator level of activity.
C. standard hours allowed for the output of a period differ from the denominator level of activity.
D. actual fixed manufacturing overhead costs incurred during a period differ from budgeted fixed manufacturing overhead costs as contained in the flexible budget.
Answer: C
You might also like to view...
The University of Dover and Dover University are bitter cross-town rivals. They compete in everything from sports to academics. Because of shrinking enrollment, the schools make an agreement to give all incoming students free tuition for one semester before raising the existing rates the following semester. This action would be considered
A. a horizontal restraint, in violation of the Sherman Act. B. price fixing, in violation of the Robinson-Patman Act. C. a tying agreement, in violation of the Clayton Act. D. a vertical restraint, in violation of the Sherman Act.
The separate entity concept requires that
a. the personal assets and liabilities of an owner not be shown on the business's financial statements. b. transactions that involve an exchange of value be kept separate from those that do not. c. tax records be kept separate from financial reporting records. d. a separate set of books be established for each segment of a business.
Goodwill messages can be designed to build strong, lasting relationships among employees, clients, customers, and various other groups
Indicate whether the statement is true or false
A ________ requires a mortgage or deed of trust to be recorded in the county recorder's office of the county in which the real property is located
A) recording statute B) real property statute C) mortgage statute D) compilation statute