Outstanding Common Stock Is

question 175

Multiple Choice

Outstanding common stock is:

• A) Stock that is performing well on the New York Stock Exchange.
• B) Stock that has been authorized by the state for issue.
• C) Stock held in the corporate treasury.
• D) Stock owned by shareholders.

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Definitions:

Materials Price Variance

The difference between the actual cost of materials used in production and the expected cost based on standard prices.

Variable Overhead Spending Variance

The difference between the actual variable overheads incurred and the expected variable overheads based on the standard cost for the actual production level.

Standard Variable Overhead Rate

The estimated cost per unit of the variable overheads that are expected to be incurred in the production process.