Answer:
B. variable overhead efficiency variance
Explanation:
Answer option A, C, and D are incorrect. In variable overhead cost variance, we determine the difference between the actual and budgeted cost. In fixed overhead cost variance, we do not use allocation base cost. Again, in fixed overhead volume variance, we cannot use allocation base cost.
'B' is correct because the difference between the actual allocation base quantity and budgeted allocation base quantity multiplying with the standard rate states the variable overhead efficiency variance. The activity level is required to determine efficiency variance.
Answer:
B. increase; stay the same; stay the same
Explanation:
Bank reserves are compulsory deposits by the banks that they are required to not loan out( they are kept in the vault). Therefore, when a local bank decides to convert some of its U.S. Treasury securities into cash, this is an increase in assets. Since the cash is held in its vault, reserves will increase, liabilities will not be affected and owner’s equity will also not be affected. Therefore, the correct answer is B.
Answer:D
Explanation:
If the increase in rubber coincides with advance technology of tires production. The demand of rubber is unaffected bringing the supply of tires increase to some extend provided the demand is high. It could decrease if there is tax or poor government policy. And it remain the same if the demand of rubber meet the supply of tires at equilibrium points.
Answer: dual reporting
Explanation:
In a dual reporting structure (also called a multi-faceted reporting structure), two departments or organizations work synonymously under a corporate entity.
An individual whose skills fit under both organizations would, therefore, report to two supervisors in each of the two departments while working on a project.
Answer: $27,000
Explanation:
Amortization of prior cost = (No. of employees / Total number of years left) * Unamortized prior service cost
Total number of years left:
2 employees are each expected to have 9 years remaining = 2 * 9
= 18 years
3 employees are each expected to have 6 years remaining = 3 * 6
= 18 years
4 employees are each expected to have 1 year remaining = 4 * 1
= 4 years
Total number of years = 18 + 18 + 4
= 40 years
Amortization of prior cost = (9 / 40) * 120,000
= $27,000
