Adams, Inc

question 76

Multiple Choice

Adams, Inc. uses the following standard to produce a single unit of its product: overhead (2 hrs. @ $3/hr.) $6. The flexible budget for overhead is $100,000 plus $1 per direct labor hour. Actual data for the month show overhead costs of $150,000, and 24,000 units produced. The overhead volume variance is:

• A) $10,000 favorable.
• B) $12,000 favorable.
• C) $4,000 unfavorable.
• D) $16,000 unfavorable.
• E) $36,000 unfavorable.

Evaluate the impact of civic engagement on democracy.

Understand the increasing importance of communication skills as one takes on more leadership responsibility.

Identify and apply strategies to make communication efforts effective.

Recognize all parties affected by an organization's actions and the importance of stakeholders.

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Definitions:

Net Sales

Revenue from sales reduced by customer discounts, returns, and allowances.

Held-to-Maturity Debt Securities

Financial instruments that a firm intends and is able to hold until they mature, usually recorded at cost adjusted for amortization.

Equity Securities

Financial instruments that represent ownership interest in a company, such as stocks, granting holders a claim on part of the company's assets and earnings.

Insignificant Influence

Refers to a situation where an investor cannot exert significant control or influence over the investee company.