3) In 2004, hurricanes destroyed a large portion of Florida's orange and grapefruit crops. In the market for citrus fruit, A. the demand curve shifted to the right resulting in an increase in the equilibrium price. B. the demand curve shifted to the left resulting in a decrease in the equilibrium price. C. the supply curve shifted to the right resulting in an increase in the equilibrium price. D. the supply curve shifted to the left resulting in an increase in the equilibrium price.

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.

Why is investing in a mutual fund less risky than investing in a particular company’s stock?

Differentiate between the trait, behavioral, and results-based performance appraisal systems, providing an example where each would be most applicable.