Industrial Solvents, Inc, averages $15,000 profit per day before deciding to ignore air pollution standards, after which the average is $30,000 . Industrial Solvents is subject to a fine of
a. $0.
b. $15,000 per day.
c. $30,000 per day.
d. $30,000 total.
c
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Equity securities in which the investor owns less than 20% ownership in the voting stock of the investee generally can be classified as ________ equity investments.
A) significant influence B) controlling interest C) held-to-maturity D) no significant influence
During April, Department A started 400,000 units of product in a particular production process. The beginning work in process inventory was 40,000 units, and the ending inventory was 50,000 units. Direct materials are introduced at the start of processing, and beginning and ending inventories are considered to be 40 percent complete with respect to conversion costs. Department A uses the FIFO
costing method. The number of units started and completed in Department A during April was A) 450,000. B) 350,000. C) 360,000. D) 160,000.
There is at least one circumstance in which a person cannot refuse to testify on Fifth Amendment grounds
a. True b. False Indicate whether the statement is true or false
The following information relates to Joplin Company for the period just ended:Standard variable overhead rate per hour$1Standard fixed-overhead rate per hour$2Planned monthly activity40,000 machine hoursActual production completed82,000 unitsStandard machine processing timeTwo units per hourActual variable overhead$37,000Actual total overhead$121,000Actual machine hours worked40,500All of the company's overhead is variable or fixed in nature.Required: A. Calculate the spending and efficiency variances for variable overhead.B. Calculate the budget and volume variances for fixed overhead.
What will be an ideal response?