General Ltd

question 86

Multiple Choice

General Ltd. budgeted fixed overhead costs of $25,000 per quarter and 1,000 units per quarter in its normal absorption costing system. Any volume variance is carried forward and closed at year end. The company experienced the following activity: The volume variance for the year was

• A) -0-
• B) Favorable
• C) Unfavorable
• D) Cannot be determined

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Definitions:

Middle Childhood

A developmental stage covering children from approximately 6 to 12 years old, marked by significant growth in cognitive, emotional, and social areas.

Rapid Growth

A significant increase in size, capacity, or numbers in a short period of time, often used in the context of economic, biological, or population growth.

Adolescence

The transitional stage of physical and psychological development that generally occurs during the period from puberty to legal adulthood.

Body Mass Index

A metric that calculates body fat using an individual’s height and weight, suitable for both adult males and females.