An Increasing Number of American Workers Currently Work from Their

question 96

Multiple Choice

An increasing number of American workers currently work from their homes or remote offices and conduct their business by phone or the Internet. This trend has created a ________.

• A) booming real estate market in the big cities
• B) booming SOHO market
• C) decline in the demand for convenience foods
• D) decline in the demand for financial services
• E) steady increase in global enterprises

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Definitions:

Variable Manufacturing Overhead

Costs of manufacturing overhead that vary with the level of production activity, such as utility costs.

Standards

Predetermined benchmarks or norms used for measuring performance or ensuring consistency and quality in various fields.

Standard Cost System

A cost accounting system that estimates costs based on standard efficiency and material usage rates, then compares them with actual costs to identify variances.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the standard cost allocated, based on the actual activity levels.