Answer the Following Questions Using the Information Below:
Berman's Camera

question 70

Multiple Choice

Answer the following questions using the information below:
Berman's Camera Shop has prepared the following flexible budget for September and is in the process of interpreting the variances. F denotes a favorable variance and U denotes an unfavorable variance.
$\begin{array}{lrrr} &\text { Flexible }&\text { Variances }\\& \text { Budget } & \text { Price } & \text { Efficiency } \\\text { Material A } & \$ 40,000 & \$ 1,000 \mathrm{~F} & \$ 3,000 \mathrm{U} \\\text { Material B } & 60,000 & 500 \mathrm{U} & 1,500 \mathrm{~F} \\\text { Direct manufacturing labor } & 80,000 & 500 \mathrm{U} & 2,500 \mathrm{~F}\end{array}$
-The most likely explanation of the above direct manufacturing labor variances is that ________.

• A) the average wage rate paid to employees was less than expected
• B) employees did not work as efficiently as expected to accomplish the job
• C) the company may have assigned more experienced employees this month than originally planned
• D) management may have a problem with budget slack and might be using lax standards for both labor-wage rates and expected efficiency

Understand the epidemiology and risk of suicide associated with different disorders.

Recognize the influence of biological factors, including neurotransmitter levels and circadian rhythms, on mood disorders.

Identify the characteristics and treatment options for bipolar disorder.

Understand the role of societal and cultural factors in diagnosing psychological disorders.

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Definitions:

UCC

The Uniform Commercial Code represents an extensive collection of regulations that oversee business dealings within the United States.

Accrues

Refers to the accumulation or increase of something over time, often used in financial contexts to describe the accumulation of interest or benefits.

Incidental Damages

Compensation for reasonable expenses directly arising from a breach of contract, not including consequential damages.

Purchase Price

The total cost that a buyer spends to acquire a product or service.