All of the following statements about targeted amortization class (TACs) CMOs are correct except A) they have transferred prepayment risk to companion tranches. B) in exchange for higher price risk, they generally offer a slightly higher interest rate. C) they are the most volatile of the tranches. D) they have high extension risk.

Abbington company has a manufacturing facility in brooklyn that manufactures robotic equipment for the auto industry. for year 1, abbingtonabbington collected the following information from its main production line: actual quantity purchased-200 units, actual quantity used-110 units, units standard quantity-100 units, actual price paid-$8 per unit, standard price-$10 per unit. atlantic isolates price variances at the time of purchase. what is the materials price variance for year 1? 1. $400 favorable. 2. $400 unfavorable. 3. $220 favorable. 4. $220 unfavorable.