The purchasing agent of the Poplin, Inc. ordered materials of lower quality in an effort to economize on price. What variance will most likely result?
a. Favorable materials quantity variance
b. Favorable total materials variance
c. Unfavorable materials price variance
d. Unfavorable labor quantity variance
Answer: d. Unfavorable labor quantity variance
Business
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How much did you borrow if your annual payments are $5,000 for the next seven years and the interest rate is 9%?
A) $25,164.76 B) $36,002.17 C) $19,140.20 D) $27,797.84
Business
Crystal Clear Imagery received and paid a utility bill for $300 for the month of November. This transaction will:
A) increase Cash and increase Utility Expense. B) decrease Cash and increase Utility Expense. C) increase Cash and decrease Utility Expense. D) increase Utility Expense and decrease revenue.
Business