Barb Bubbletop (BB) Produces Bangles

question 19

Multiple Choice

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?

• A)The company should have spent $164,000 on materials
• B)Bronze inventory increased by $15,000
• C)Material quantity variance is $18,000 unfav
• D)Materials price variance is $12,000 unfav
• E)All of the above are false

Calculate the equity in profit of an associate and the impact of dividends on investments.

Distinguish between upstream and downstream transactions and their effects on financial statements.

Identify the different requirements for goodwill arising from investments in subsidiaries versus associates.

Evaluate the effects of fair value changes on available-for-sale financial assets within consolidated financial statements.

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Definitions:

Interstitial Fluid

A fluid that fills the spaces between cells in tissues, providing nutrients and removing waste from cells.

Hypothalamus

A region of the brain responsible for hormone production and regulation of body temperature, hunger, moods, and sleep.

Pituitary Gland

A pea-sized gland located at the base of the brain; it releases hormones that regulate growth, metabolism, and the function of other glands.

Hormones

Chemical messengers produced in the body that regulate the activity of cells or organs, crucial for many bodily functions.