An Object Hangs from a Spring Balance

question 77

Multiple Choice

An object hangs from a spring balance.The balance indicates 30 N in air, 20 N when the object is submerged in water.Which of the following is true?

• A)The actual weight of the object is 20 N.
• B)The actual weight of the object is 10 N.
• C)The actual weight of the object is slightly more than 30 N, due to the buoyant force of the air.
• D)The actual weight of the object is slightly less than 30 N, due to the buoyant force of the air.
• E)The actual weight of the object is equal to the apparent weight of the object in both cases.

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Definitions:

Direct Materials Quantity Variance

The discrepancy between the true usage of direct materials in production processes and the forecasted standard usage, multiplied by the standard unit cost.

Total Direct Materials Cost Variance

The difference between the actual cost of direct materials used in production and the standard cost of those materials.

Fixed Overhead Cost

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.

Volume Variance

A measure used in budgeting and accounting to show the difference between expected (budgeted) and actual sales volumes, affecting revenue or costs.