Theory Enterprises uses a standard cost system and prepared the following budget for May when 24,000 machine hours of activity were anticipated: variable overhead, $48,000; fixed overhead: $240,000. Actual data for May were: Standard machine hours allowed for output attained: 25,000
Actual machine hours worked: 24,000
Variable overhead incurred: $50,000
Fixed overhead incurred: $250,000
The variable-overhead spending and efficiency variances for Theory are:
Fixed overhead Budget Fixed overhead volume variance
variance
A. $ 0 $ 10,000 favorable
B. $ 10,000 favorable $ 0
C. $ 10,000 favorable $ 10,000 unfavorable
D. $ 10,000 un favorable
E. $ 10,000 unfavorable $ 10,000 favorable
i. Choice A
ii. Choice B
iii. Choice C
iv. Choice D
v. Choice E

Suppose that the u.s. dollars-mexican pesos exchange rate is fixed by the u.s. and mexican governments. assume also that labor is mobile between the united states and mexico due to low transportation costs.which of the following situations is likely to happen as a result of a simultaneous increase in the demand for u.s. goods and decrease in the demand for mexican goods? (pick mexican unemployment rate increases, and the country undergoes bad economic times for a sustained u.s. unemployment rate increases, and the country undergoes bad economic times for a sustained mexican unemployment rate rises at first, but it soon drops as unemployed mexicans move to the united states for mexican unemployment rate rises at first, but then it drops as mexican pesos depreciate against u.s. dollars.