Sometimes High Tides Are Lower Than at Other Times

question 119

Multiple Choice

Sometimes high tides are lower than at other times. What name is given to the lowest high tides?

• A) rip tides
• B) pep tides
• C) spring tides
• D) neap tides

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Definitions:

Budget Variance

The difference between budgeted figures for revenue or spending and the actual amounts incurred.

Machine-Hours

A measure of production time, calculated by the number of hours machines are operating as part of the manufacturing process.

Actual Output

The actual quantity of goods or services produced by a company within a specified timeframe.

Variable Overhead Rate

The ratio of variable overhead costs to an activity base such as units produced or direct labor-hours, used for costing purposes.