Which Table Has a Factor of 1

question 59

Multiple Choice

Which table has a factor of 1.00000 for 1 period at every interest rate?

• A) Future value of 1
• B) Present value of 1
• C) Future value of an ordinary annuity of 1
• D) Present value of an ordinary annuity of 1

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Definitions:

Ideal Standards

Benchmarks used in managerial accounting that represent optimal levels of performance under perfect operating conditions.

Normal Standards

Benchmarks or norms established for a business process or operation that are considered to be a typical or expected level of performance.

Total Manufacturing Cost Variance

The difference between actual manufacturing costs and the standard costs of those manufactured items.

Direct Labor Cost Variance

The difference between the budgeted or standard cost of direct labor and the actual cost incurred, used in variance analysis for cost control.