The fixed overhead volume variance is a measure of
A) the cost of overspending on fixed overhead items.
B) the effect of the actual output differing from the output used to calculate the predetermined fixed overhead rate.
C) the cost of unused activity capacity acquired.
D) both the cost of overspending on fixed overhead items and the effect of the actual output differing from the output used to calculate predetermined fixed overhead rate.
E) both the effect of the actual output differing from the output used to calculate the predetermined fixed overhead rate and the cost of unused activity capacity.
E
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Which of the following statements best defines a warehouse club?
A. They are stores that provide a large variety and assortment of merchandise at a convenient location with speedy checkout. B. They are retailers that offer a limited and irregular assortment of food and general merchandise with little service at low prices. C. They are large, self-service retail food stores offering about 30,000 SKUs with high inventory holding costs. D. They are retailers that carry a broad variety and deep assortment, offer customer services, and organize their stores into distinct departments for displaying merchandise. E. They are large stores that combine a supermarket with a full-line discount store.
It is acceptable to record cash received in advance of providing products or services to revenue accounts if an adjusting entry is made at the end of the period to bring the liability account balance to the correct unearned amount.
Answer the following statement true (T) or false (F)
A make-good ad is essentially a replacement for any media that did not run as scheduled
Indicate whether the statement is true or false
Which specialized part of public relations identifies emerging trends and anticipates their potential impact on an organization?
A. Public affairs D. Issues management B. Public opinion E. Lobbying C. Publicity