AICPA CPA-Financial Exam - Topic 3 Question 15 Discussion

Actual exam question for AICPA's CPA-Financial exam

Question #: 15
Topic #: 3

A planned volume variance in the first quarter, which is expected to be absorbed by the end of the fiscal period, ordinarily should be deferred at the end of the first quarter if it is:

AOption A

BOption B

COption C

DOption D

Show Suggested Answer

Suggested Answer: D

Choice 'd' is correct. Yes - Yes.

Rule: Volume variances that are planned or expected to be absorbed by the end of the year should be deferred at interim whether favorable or unfavorable.

by Willow at May 09, 2022, 01:26 AM

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Robt

4 months ago

I disagree, I think it should be Option C instead.

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Yoko

4 months ago

Option A makes the most sense here.

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Vicente

4 months ago

Wait, are we sure about that? Seems a bit off.

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Santos

4 months ago

Totally agree, materiality matters!

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Nancey

5 months ago

I think it should be deferred if it's not material.

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Bev

5 months ago

Hmm, a MAC ACL? I don't think that's the right approach here. I'm leaning towards the IP address on the BVI as the missing piece.

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Thaddeus

5 months ago

Okay, let me think this through. The question is asking which resources can be protected by Microsoft Defender for Cloud, so I'll need to consider the capabilities of that service.

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Arlean

5 months ago

I'm feeling confident about this one. Infrared wavelengths longer than 700 nm won't be visible to the human eye, so the answer has to be 940 nm.

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