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Melissa Antiques Company has collected the following data for one of its products

Direct materials standard (3 pounds @ 1/lb.) $3 per unit Direct materials flexible budget variance-unfavorable $15,500 Actual direct materials used 101,000 pounds Actual units produced 18,000 units What is the direct materials efficiency variance? A) $18,000 U B) $47,000 F C) $47,000 U D) $18,000 F

"Which of the following is NOT required in order to reinstate a lapsed permanent life policy?

A) Submit an application for reinstatement within 4 years of the lapse B) Provide satisfactory evidence of insurability C) Pay the premium for the reinstated policy D) Pay all past-due premiums with interest"