Answer the Following Questions Using the Information Below

question 80

Multiple Choice

Answer the following questions using the information below:
Patel Corporation manufactured 1,000 coolers during October. The following variable overhead data pertain to October:

-What is the variable overhead spending variance?

• A)$420 unfavorable
• B)$600 favorable
• C)$600 unfavorable
• D)$780 favorable

Learn about market penetration strategies and the importance of control in fast-growth firms.

Distinguish between myths and realities regarding resource availability, control in entrepreneurship, and opportunity recognition.

Understand different patterns of information flow in organizational communication.

Recognize the characteristics and implications of electronic communication in the workplace.

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Definitions:

Receivable

Amounts of money owed to a company by customers or clients for goods or services delivered but not yet paid for.

Average Collection Period

The average collection period is the average number of days it takes for a business to receive payments owed by its customers for sales made on credit.

Accounts Receivable

Funds that are owed to a company by its customers for products or services provided on credit.

Note Receivable

A written promise that one party will receive a certain amount of money from another party at a future date, categorized as an asset.