The audit procedure "Review the notes to determine whether any are related party notes or accounts payable" is performed when verifying the classification objective for notes payable

Chambers, Inc. uses flexible budgets. At normal capacity of 16,000 units, budgeted manufacturing overhead is: $64,000 variable and $180,000 fixed. If Chambers had actual overhead costs of $250,000 for 18,000 units produced, what is the difference between actual and budgeted costs?

a) $2,000 favorable. b) $6,000 unfavorable. c) $8,000 favorable. d) $2,000 unfavorable.

On average, just by chance, half of the stock market's investors will outperform the market and half will underperform the market

Indicate whether this statement is true or false.