Answer the Following Questions Using the Information Below

question 166

Multiple Choice

Answer the following questions using the information below:
These questions refer to flexible-budget variance formulas with the following descriptions for the variables: A = Actual; B = Budgeted; P = Price; Q = Quantity.
-The flexible-budget variance for materials is $5,000 (U) .The sales-volume variance is $13,000 (U) .The price variance for material is $31000 (F) .The efficiency variance for direct manufacturing labor is $7,000 (F) .Calculate the efficiency variance for materials.

• A) $36,000 favorable
• B) $13,000 unfavorable
• C) $6,000 favorable
• D) $36,000 unfavorable

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Definitions:

Mediatization

The process through which every aspect of society becomes influenced and shaped by the media.

Spin

A form of public relations or propaganda aimed at influencing the interpretation of events or policies to favor a particular perspective or interests.

Public Support

The backing or endorsement by the general population for a person, policy, or initiative.

Non-Controlling Interest

The portion of equity in a subsidiary not attributable directly or indirectly to the parent company, reflecting the minority shareholders' share in the subsidiary's net assets.