Answer the Following Questions Using the Information Below:
Neocomfort Corporation

question 45

Multiple Choice

Answer the following questions using the information below:
Neocomfort Corporation manufactured 3,000 chairs during June. The following variable overhead data relates to June:
$\begin{array}{ll}\text { Budgeted variable overhead cost per unit } & \$ 12.00 \\\text { Actual variable manufacturing overhead cost } & \$ 49,900 \\\text { Flexible-budget amount for variable manufacturing overhead } & \$ 47,800 \\\text { Variable manufacturing overhead efficiency variance } & \$ 720 \text { unfavorable }\end{array}$
-What is the variable overhead spending variance?

• A) $1,380 favorable
• B) $2,820 favorable
• C) $2,820 unfavorable
• D) $1,380 unfavorable

Understand the role and benefits of professional financial planning and investment management.

Distinguish between safe and speculative investments based on investor profiles.

Know the responsibilities and obligations of corporations to their shareholders.

Grasp the concept of systematic and unsystematic risk and their implications for investors.

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Definitions:

Return

The profit or loss derived from an investment over a particular period, expressed either in percentage or absolute terms.

Tradeoff

A decision situation that involves diminishing or losing one quality, quantity, or property of a set or design in return for gains in other aspects.

Standard Deviation

A measure of the dispersion or variability in a set of data points, indicating how much the observations differ from the mean of the data set.

Real Estate Project

A development undertaking in the real estate sector, which may involve construction, renovation, or improvement of properties.