Answer the Following Questions Using the Information Below

question 21

Multiple Choice

Answer the following questions using the information below:
Veach Corporation incurred fixed manufacturing costs of $6,000 during 2015. Other information for 2015 includes:
The budgeted denominator level is 1,000 units.
Units produced total 750 units.
Units sold total 600 units.
Beginning inventory was zero.
The company uses variable costing and the fixed manufacturing cost rate is based on the budgeted denominator level. Manufacturing variances are closed to cost of goods sold.
-Operating income using variable costing will be ________ than operating income if using absorption costing.

• A) $2,400 higher
• B) $2,400 lower
• C) $3,600 higher
• D) $900 lower

Comprehend the structure and weighting concerns of international equity indexes like EAFE.

Recognize the principles of risk and return in international portfolios, including diversification benefits and exchange rate impacts.

Understand the definition and types of international investment funds.

Learn how political risks and exchange rate policies can impact international investments.

---

Definitions:

Genetic Engineering

The direct manipulation of an organism's genes using biotechnology, altering the genetic makeup to achieve desired traits.

Crossbreeding

The process of breeding an animal or plant with another of a different breed, variety, or species to create offspring with desired characteristics.

Polycultures

Farming practice that grows multiple species of plants together to mimic the diversity of natural ecosystems.

Dwarf Varieties

Smaller breeds or forms of plants or animals, often genetically selected or engineered for specific purposes such as agriculture or ornamental use.