$0.20 Explanation: To determine the adjustment in the future price, the initial step is calculating the loss, as follows: Loss = Initial Margin - Maintenance Margin = $4,000 - $3,000 = $1,000. The future price adjustment will then be Loss divided by the size of the contract, returning to $1,000 ÷ 5,000 ounces = $0.20. Thus, the future price rises by $0.20. If the margin call isn't satisfied, the broker will step in at the maximum price to prevent additional losses.
B,
A and C are incorrect since a blog is not intended for personal correspondence
D Blogs are not meant for one-on-one communications
The activity variance totals $20 U. Given the following data: budgeted in March = 7,900 units, actual activity level = 7860 units, revenue = $297,318, direct labor = $59,962, direct materials = $135,850, manufacturing overhead = $51,370, selling and administrative expenses = $31,950. To determine the budgeted selling and administrative expense, the variable expense is calculated as 0.5 × 7900 = $3,950, while the fixed expense remains at $27,400. Hence, total budgeted selling and administrative expenses computes to $31,350. For the flexible budget, the variable expense adjusts to 0.5 × 7860 = $3,930. Therefore, the total flexible budget for selling and administrative cost becomes $31,330. Activity variance, computed as (31350 - 31330), equals $20 U, indicating that actual performance fell below budgeted expectations, with the difference rooted solely in variations between the budgeted and actual activity levels.
