Reference: 21_07
Montaigne Corp -The Controllable Variance Is:
A) $1,295U
B) $1,295F
C) $2,400U

question 138

Multiple Choice

Reference: 21_07
Montaigne Corp. has the following information about its standards and production activity in November:
$\begin{array}{llr} \text { Actual total factory overhead incurred } &\$28,175\\ \text { Standard factory overhead:} &\\ \text { Variable overhead } &\text { \( \$ 3.10 \) per unit}\\\& \text { produced}\\ \text { Fixed overhead} &\\ \text { \( (\$ 12,000 / 6,000 \) estimated units to be produced) } &\text { \( \$ 2 \) per unit }\\ \text { Actual units produced } &\text { 4,800 units}\\\end{array}$

-The controllable variance is:

Understand the concept and implications of restricted shares in a business context.

Comprehend the financial treatment and implications of acquiring preferred and common shares by a parent company in a subsidiary.

Analyze the determination of non-controlling interests in a subsidiary that has restricted shares.

Calculate non-controlling interest on consolidated statements of financial position using the entity approach to goodwill.

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Definitions:

Belief

An acceptance that something exists or is true, especially without proof, or the mental acceptance of and conviction in the truth, actuality, or validity of something.

Hindrance

An obstacle or barrier that prevents progress or makes it difficult to achieve a desider goal.

Stressor

Any event, situation, or stimulus that causes stress or strain, challenging an individual's ability to cope.

Objectives

Specific, measurable, achievable, relevant, and time-bound goals or targets that an individual, team, or organization aims to accomplish.