Rick Smith,of Smith & Associates Research,has Decided That a Client's

question 17

Multiple Choice

Rick Smith,of Smith & Associates Research,has decided that a client's project should use telephone interviewing as the method of data collection.He knows that there are disadvantages to the telephone interview method he has chosen,and he must be ready to discuss these limitations with the client.Which of the following disadvantages will he be discussing?

• A)mistakes in administering the questions
• B)insufficient call back for not-at-homes
• C)dishonest interviewers
• D)A and B
• E)A,B,and C

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Definitions:

Variable Overhead Rate Variance

The difference between the actual variable overhead rate incurred and the expected (or standard) rate, multiplied by the actual activity level.

Variable Overhead Rate Variance

A measure used in managerial accounting to compare the actual variable overhead incurred to the expected overhead cost based on the standard cost system.

Indirect Labor

Labor costs related to tasks that support the production environment but are not directly involved in creating the final product.

Variable Overhead Efficiency Variance

A measure used in managerial accounting to assess the efficiency of variable overhead costs incurred relative to the expected amount of those costs.