AICPA Exam CPA-Financial 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, 02:26 AM

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Robt

9 days ago

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

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Yoko

14 days ago

Option A makes the most sense here.

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Vicente

20 days ago

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

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Santos

25 days ago

Totally agree, materiality matters!

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Nancey

1 month ago

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

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Bev

1 month 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

1 month 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

1 month 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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