Sloth Company Reports the Following Information for the Last Year

question 25

Multiple Choice

Sloth Company reports the following information for the last year of operations:
$\begin{array} { l } \text {Actual fixed overhead \( \operatorname{costs}(7,000 \) units) }&\$77,000 \\ \text {Budgeted fixed overhead costs(10,000 units) }&80,000 \\ \text { Planued level of operations(in units) }&10,000 \\ \text {Actual level of operations(in units) }&7,000 \\\end{array}$

What is the fixed overhead spending variance?

• A) $3,000 Favorable
• B) $21,000 Unfavorable
• C) $24,000 Unfavorable
• D) $30,000 Favorable

Understand the principles and key concepts of person-centered therapy.

Identify therapies' perspectives on control, responsibility, and self-esteem.

Recognize the different therapy approaches towards ideal individuals and healthy psychological functioning.

Analyze the role of conditions of worth in personal development according to different therapies.

---

Definitions:

GDP

The total market value or monetary sum of all final goods and services produced within a nation's boundaries during a defined timeframe is known as Gross Domestic Product.

Multiplier

In economics, a factor that quantifies the impact of an initial change in spending, income, or investment on the broader economy, amplifying the initial effect.

Inflationary Gap

A macroeconomic term referring to the situation where the demand for goods exceeds the supply, leading to increased prices or inflation.

Inflationary Gap

A situation where aggregate demand in an economy exceeds aggregate supply at the full employment level, leading to inflation.