The Lancelets Are Found

question 35

Multiple Choice

The lancelets are found

• A) in tropical Amazon streams.
• B) as parasites inside the tracts of fish.
• C) very rarely in mountain streams, where they are almost extinct.
• D) commonly in the sandy bottoms of shallow coastal waters around the world.
• E) on the bottom of the ocean.

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Definitions:

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the standard quantity expected to be used, based on budgeted or planned amounts.

Direct Labor-Hours

The total hours worked by employees directly involved in the production process, used as a basis for allocating manufacturing overhead in cost accounting.

Variable Manufacturing Overhead

This refers to the expenses in manufacturing that vary in direct proportion to the volume of production, such as utilities and materials.

Standard Hours

The expected amount of time required to complete a task or produce a unit of product under normal conditions.