After Algonquin College Realizes Its Student Enrollment Has Increased by 10

question 83

Multiple Choice

After Algonquin College realizes its student enrollment has increased by 10%, it sets out to determine how many new professors it will need to hire to meet demand. This is part of which stage of HRM?

• A) maintenance
• B) acquisition
• C) orientation
• D) compensation

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Definitions:

Total Variable Overhead Spending Variance

The difference between the actual variable overhead costs incurred and the expected (budgeted) variable overhead costs based on actual production levels.

Variable Overhead Efficiency Variance

The difference between the standard cost of variable overheads allocated for production and the actual cost incurred.

Supplies Cost

The expense associated with acquiring supplies necessary for the operation of a business, such as office supplies or manufacturing inputs.

Variable Manufacturing Overhead

Indirect manufacturing costs that change in total in direct proportion to changes in production volume, such as utilities or materials.