-Consider the End of Day Prices for ANZ and BHP

question 38

Multiple Choice

$\begin{array}{|c|c|c|}\hline \text { Day } & \begin{array}{c}\text { BHP price } \\\text { (end of day) }\end{array} & \begin{array}{c}\text { ANZ price } \\\text { (end of day) }\end{array} \\\hline \text { Monday } & \$ 18.20 & \$ 24.50 \\\hline \text { Tuesday } & \$ 19.00 & \$ 24.80 \\\hline \text { Wednesday } & \$ 17.80 & \$ 25.90 \\\hline \text { Thursday } & \$ 16.55 & \$ 26.00 \\\hline\end{array}$
-Consider the end of day prices for ANZ and BHP for Monday through Thursday.Suppose an investor short sells BHP over this period,calculate their continuously compounded return to the investor.

• A) \(-9.97 \%\)
• B) \(-9.95 \%\)
• C) \(9.50 \%\)
• D)\(9.97 \%\)

Recognize the limitations and challenges of implementing a standard costing system.

Understand the concepts of standard costing, including standard quantities, rates, and cost variance analysis.

Calculate and interpret variances in direct materials, direct labor, and manufacturing overhead.

Analyze the impact of actual production activities against standard cost benchmarks.

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Definitions:

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