If Variable Manufacturing Overhead Is Applied Based on Direct Labor

question 75

Multiple Choice

If variable manufacturing overhead is applied based on direct labor hours and there is an unfavorable direct labor efficiency variance

• A) the direct materials usage variance will be unfavorable.
• B) the direct labor rate variance will be favorable.
• C) the variable manufacturing overhead efficiency variance will be unfavorable.
• D) the variable manufacturing overhead spending variance will be unfavorable.

Recognize the significance and different interpretations of corporate social responsibility (CSR).

Comprehend the structure and liability implications of different business forms such as partnerships.

Identify the concept of the triple bottom line and its components.

Analyze the relationship between CSR activities and corporate performance.

---

Definitions:

Co-owners

Individuals or entities that hold ownership rights together in a property or asset, sharing the benefits as well as responsibilities.

Sole Proprietorship

A business structure where a single individual owns and operates the business, making them solely responsible for its debts and liabilities.

Dissolves

The act of officially ending the existence of an entity such as a corporation, partnership, or marriage.

Taxed

Imposed financial charges by a government on income, goods, or activities for public funding.