James Manufacturing Has the Following Information Available for July

question 63

Multiple Choice

James Manufacturing has the following information available for July:

-
What was James's activity variance for variable manufacturing costs?

• A) $4,000.
• B) $14,000.
• C) $24,000.
• D) $34,000.

---

Definitions:

Notes Receivable

Claims held by a company allowing it to receive payments from debtors, typically within a specified period and often accruing interest.

Maturity Value

The amount payable to an investor at the end of a debt instrument's holding period.

Maturity Value

The total amount payable to an investment's holder at the investment's maturity date, including the principal and any interest earned.

Maker

In financial terms, the maker is typically the person who creates or signs a promissory note, thereby agreeing to pay the note’s value at maturity.