This sentence has correct punctuation: "The telephone rang incessantly and the microphone emitted a screeching feedback sound."

Under the ideal conditions of perfect capital markets, dividend policy has no effect upon share

price. Indicate whether the statement is true or false

Tommy's Toys produces two types of toys: trains and dolls. Tommy's uses stainless steel to manufacture the trains and plastic to manufacture the dolls. Information regarding the usage of steel and plastic for the past year follows:

Product Names Steel Plastic Direct materials information Standard pounds per unit 1 lb. 0.5 lb. Standard Price (SP) per pound $1.50 ? Actual Quantity (AQ) used per unit 1.5 lbs. 0.75 lbs. Actual Price (AP) paid for material $1.25 $2.00 Actual Quantity Purchased (AQP) and used 2,500 lbs. 1,200 lbs. Price variance ? $900 F Quantity variance $206 U ? Flexible budget variance ? $522 F Number of units produced 275 550 What is the price variance for steel used to manufacture the trains? A) $625 favorable B) $103 favorable C) $625 unfavorable D) $103 unfavorable