n a corporate liquidation, the priority of claim to corporate assets is: A Unpaid wages and taxes, debenture holders, mortgage bond holders, preferred stockholders B Unpaid wages and taxes, preferred stockholders, debenture holders, mortgage bondholders C Mortgage bond holders, debenture holders, unpaid wages and taxes, preferred stockholders D Mortgage bond holders, unpaid wages and taxes, debenture holders, preferred stockholders

What does the consumer price index measure? a. the change in prices of all goods and services over time b. the change in prices of specific goods and services over time c. the change in prices of final goods and services over time

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.

Because the demand for wheat tends to be inelastic. true or false