The Journal Entry Below: Indicates That

question 32

Multiple Choice

The journal entry below: indicates that:

• A)the total labor variance was $800, unfavorable.
• B)employees received an unexpected rate increase during the period.
• C)more labor time was required to complete the output of the period than was allowed at standard.
• D)Work in Process valued at $25,000 was completed and transferred to Finished Goods.

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Definitions:

Bond

A security issued by a borrower that obligates the issuer to make specified payments to the holder over a specific period. A coupon bond obligates the issuer to make interest payments called coupon payments over the life of the bond, then to repay the face value at maturity.

Standard Deviation

A statistical measure of the dispersion or spread of a set of data points or investment returns around their mean.

Expected Return

The predicted amount of profit or loss an investment is expected to generate over a specific time period.

Probability Distribution

A mathematical formulation that presents all potential values and their chances for a random variable within a particular range.