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AICPA CPA-Financial Exam - Topic 3 Question 15 Discussion

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

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:

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.


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8 comments · newest first
RO
Robt 11 months ago
I disagree, I think it should be Option C instead.
YO
Yoko 12 months ago
Option A makes the most sense here.
VI
Vicente 12 months ago
Wait, are we sure about that? Seems a bit off.
SA
Santos 12 months ago
Totally agree, materiality matters!
NA
Nancey 1 year ago
I think it should be deferred if it's not material.
BE
Bev 1 year 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.
TH
Thaddeus 1 year 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.
AR
Arlean 1 year 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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