Use the Following Information for the Next 3 Questions

question 94

Multiple Choice

Use the following information for the next 3 questions.
Anacortes, Inc. uses a standard cost system. At the beginning of the year, it budgeted $50,000 for fixed overhead. The estimated variable overhead allocation rate was $3.30 per machine hour, and machine hours is the cost allocation base for both variable and fixed overhead. The static budget was based on 16,000 units of production and sales, and each unit was expected to use 2.5 machine hours. Actual total overhead was $170,000, and Anacortes produced and sold 15,000 units during the year. Actual machine hours for the year were 36,000.
-(Appendix 11A) The revenue sales quantity variance will be unfavorable when the

• A) Actual sales in total units is less than total unit sales in the static budget
• B) Actual contribution margin is less than the static budget contribution margin
• C) Actual sales mix includes a lower proportion of the product with the highest contribution margin per unit than its proportion in the static budget sales mix
• D) Actual average selling price is less than the average selling price in the static budget

Understand the structural and functional characteristics of endocrine glands.

Comprehend the general mechanisms and effects of hormone action in the body.

Identify major endocrine glands and their associated hormones.

Understand the regulation and control of hormone production and secretion.

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Definitions:

Gross Method

An accounting approach to recording purchases at their full invoice amount without deducting any cash discounts offered.

Merchandise Return

The process of a customer returning previously purchased goods to the seller, often due to defects or unsatisfaction, which may result in a refund or replacement.

Gross Method

An accounting method for recording purchases at the total invoice cost without deducting any cash discounts at the time of purchase.

Perpetual Inventory System

An accounting method that continuously updates the quantity and cost of inventory as purchases and sales are made.