At december 31, 2018, before any year-end adjustments, murmur company's insurance expense account had a balance of $2,450 and its prepaid insurance account had a balance of $3,800. it was determined that $2,800 of the prepaid insurance had expired. the adjusted balance for insurance expense for the year would be $2,450. $3,450. $2,800. $5,250.

Steffi is reviewing various licenses and their uses. match the licenses to their respective uses.

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget. the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead. a total of 119,300 units, using 478,000 direct labor hours, were produced during the year. actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.

Aprice control is: question 1 options: a)a tax on the sale of a good that controls the market price. b)an upper limit on the quantity of some good that can be bought or sold. c)a legal restriction on how high or low a price in a market may go. d)control of the price of a good by the firm that produces it.