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?

Bill names his church as the beneficiary of his $300,000 life insurance policy. When Bill dies, who is responsible for the income taxes payable on the lump-sum proceeds received by the church?

A) Bill's estate and Bill's church split the tax B) Bill's estate C) No income tax is payable on the death proceeds D) Bill's church

The type of listing agreement that provides the least protection for the listing broker is the

A) exclusive-right-to-sell listing. B) exclusive-agency listing. C) open listing. D) net listing.