In 1977, Congress enacted the No Electronic Theft Act (NET Act) which criminalizes certain

A financial guarantee ensures that the lender (bond purchaser) will be paid both principal and interest in the event the issuer defaults

Indicate whether the statement is true or false

The direct material efficiency variance during July is ________

A) $1,000 unfavorable B) $1,100 favorable C) $2,000 unfavorable D) $1,000 favorable