Answer the Following Questions Using the Information Below:
OzPlastic Co

question 137

Multiple Choice

Answer the following questions using the information below:
OzPlastic Co.produces a special line of plastic toy racing cars.OzPlastic produces the cars in batches.To manufacture a batch of the cars,OzPlastic must set up the machines and moulds.Set-up costs are batch-level costs because they are associated with batches rather than individual units of products.A separate Set-up Department is responsible for setting up machines and moulds for different styles of car.
Set-up overhead costs consist of some costs that are variable and some costs that are fixed with respect to the number of set-up-hours.The following information pertains to June 2018:
$$\begin{array} { l r r } & \text { Actual } & \text { Static-budget } \\& \text { Amounts } & \text { Amounts } \\ \text { Units produced and sold } & 30000 & 22500 \\ \text { Batch size (number of units per batch) }& 250 & 225 \\\text { Set-up-hours per batch } & 5 & 5.25 \\ \text { Variable overhead cost per set-up-hour } & \$ 40 & \$ 38 \\\text { Total fixed setup overhead costs }& \$ 14400 & \$ 14000\end{array}$$
-Calculate the flexible-budget variance for variable set-up overhead costs.

• A)$1200 unfavourable
• B)$2600 favourable
• C)$2600 unfavourable
• D)$1200 favourable

Understand how to compute the yearly interest earned on bonds.

Grasp when and why a company might call callable bonds.

Calculate the stock value conversion rate for convertible bonds.

Determine the concept of buying bonds at a premium or a discount.

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Definitions:

Macrostructures

Large-scale social structures that influence society and its institutions, such as economies, political systems, and cultural norms.

Feminist Theory

An interdisciplinary approach to understanding and critiquing societal structures that perpetuate gender inequality.

Theoretical Tradition

Theoretical tradition refers to an established and coherent set of concepts, theories, and methodologies within an academic discipline that guides research, analysis, and understanding of phenomena.

Sociological Imagination

The ability to see the relationship between individual experiences and the larger society, understanding personal issues as part of broader social problems.