'When a Public Company Is Formed It Must Have Its

question 35

Multiple Choice

'When a public company is formed it must have its shares listed on the Australian Securities Exchange (ASX) '.This statement is:

• A)Correct, because a public company is limited by shares
• B)Incorrect, because a public company that is limited by shares need not list those shares on the ASX
• C)Correct, because if the company did not wish to have its shares listed it must be formed as a proprietary company
• D)Incorrect, because the company must have its shares listed on any stock exchange, not just the ASX

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Definitions:

Variable Manufacturing Overhead

Costs in manufacturing that vary with the level of production output, such as utilities or indirect material costs, but do not include direct materials or direct labor.

Labor Efficiency Variance

The difference between the actual hours worked and the expected hours worked, multiplied by the standard hourly labor rate.

Variable Overhead Efficiency Variance

This term measures the efficiency with which variable overhead resources are utilized in the production process.

Shipping Container Refurbishment

The process of repairing and restoring shipping containers to extend their usability and lifecycle.