Use the Following to Answer Questions

question 18

Multiple Choice

Use the following to answer questions
Hurricane, Inc. manufactures hurricane lamps. Selected data regarding standard costs follow:
Selected actual results for the month of August are shown below:

-The direct materials usage variance is:

• A)$ 750U
• B)$ 780F
• C)$3,000U
• D)$3,750F

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Definitions:

Model Business Corporation Act

A template for states to use in drafting their corporate statutes, aimed at standardizing corporate law.

Shareholders Meeting

A formal gathering of the shareholders of a company to discuss and vote on company business.

Special Meeting

A meeting called for a specific purpose, outside of the regularly scheduled sessions.

Cumulative Voting

A system of voting for directors of a corporation in which shareholders can concentrate their votes on one candidate, rather than having to distribute them equally among candidates.