When meeting with an applicant for health insurance, an insurance producer notices a pack of cigarettes in the applicant's shirt pocket, even though the applicant says he has been a nonsmoker for 10 years. Which of the following statements best describes the producer's responsibility?
A) The producer should provide an agent's report to the insurer explaining what she observed.
B) The producer should insist that the applicant change his response to the question on the application.
C) The producer should change the answer on the application after the appointment.
D) The producer should ignore the fact, since it is the insurer's responsibility to identify this information."
Ans: A) The producer should provide an agent's report to the insurer explaining what she observed.
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Zero Company's standard factory overhead rate is $3.73 per direct labor hour (DLH), calculated at 90% capacity = 700 standard DLHs. In December, the company operated at 80% of capacity, or 622 standard DLHs. Budgeted factory overhead at 80% of capacity is $3,020, of which $1,540 is fixed overhead. For December, the actual factory overhead cost was $3,900 for 700 actual DLHs, of which $1,290 was for fixed factory overhead.
Under a four-way breakdown (decomposition) of the total overhead variance, what is the variable factory overhead spending variance for Zero Company for December (to the nearest whole dollar)? (Round your intermediate calculation to 2 decimal places.)
Summarize the provisions of the Clayton Act as amended by the Robinson-Patman Act
What will be an ideal response?