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Barb Bubbletop (BB) produces bangles. Each bangle requires .25 lbs of bronze which should cost $16 per lb. In August, BB purchased 12,000 lbs of bronze at $15 per lb. In the month, 41,000 bangles were made, and 11,000 lbs of bronze were used. Which is false of BB's materials variances?
Canada Bonds
Bonds issued by the Canadian government, offering a low-risk investment option with fixed interest payments.
Floating Rate Bond
A bond with an interest rate that is tied to a benchmark, such as LIBOR, and can change over time.
Coupon Payment
A periodic interest payment made to bondholders during the life of a bond.
Income Bond
A type of bond that only pays interest if the issuer has sufficient earnings to cover the interest payments.
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