Schoening Corporation Is a Shipping Container Refurbishment Company That Measures

question 208

Multiple Choice

Schoening Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for January. When the company prepared its planning budget at the beginning of January, it assumed that 40 containers would have been refurbished. However, 38 containers were actually refurbished during January.The activity variance for "Refurbishing materials" for January would have been closest to:

• A) $1,400 U
• B) $1,000 F
• C) $1,000 U
• D) $1,400 F

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Definitions:

Explosive Events

Incidents characterized by sudden and extreme violence or force, often associated with explosions.

Daily Tensions

Regular or frequent stressors and strains experienced in everyday life.

Militarism

The belief in building and maintaining strong armed forces to defend or promote national interests.

Ideology

Ideology represents a system of ideas and ideals, especially those that form the basis of economic or political theory and policy.