Variables that measure the effect of the independent variables on the test units are called dependent variables

In producing jelly beans, 4,700 pounds of direct materials were used at a cost of $2.50 per pound. The standard was 4,000 pounds at $2.75 per pound. What is the direct materials quantity variance?

A. $1,925 Favorable B. $1,750 Favorable C. $1,925 Unfavorable D. $1,750 Unfavorable

A broker brought an offer to an owner. While the broker did not have a listing, the offer provided for a commission. The owner crossed out the provision for a commission above the signature block and signed the acceptance. Which is TRUE regarding the broker's rights?

A. By signing the acceptance, the owner made the broker his agent. B. The broker is entitled to a reasonable commission. C. The broker is entitled to a full commission if the sale is completed. D. There was no listing, so no commission need be paid.