Variable Manufacturing Overhead Is Applied to Products on the Basis

question 48

Multiple Choice

Variable manufacturing overhead is applied to products on the basis of standard direct labor hours. If the direct labor efficiency variance is unfavorable, the variable overhead efficiency variance will be: (CMA adapted)

• A) favorable.
• B) unfavorable.
• C) either favorable or unfavorable.
• D) zero.

Comprehend the relationship between the national debt, federal budget, and economic indicators.

Understand the roles of taxes and government spending in fiscal policy.

Recognize the impact of automatic stabilizers on the economy.

Grasp the concepts of budget deficits, surpluses, and their implications.

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Definitions:

Lateral Roots

Secondary roots that grow laterally from the primary root, enhancing the plant's ability to absorb water and nutrients.

Pericycle

A layer of cells in plant roots, located just inside the endodermis, involved in the formation of lateral roots and sometimes contributing to secondary growth.

Cladode

A type of stem that resembles a leaf, functioning in photosynthesis, found in plants such as cacti and certain succulents.

Photosynthetic Stem

A stem that performs photosynthesis, similar to leaves, commonly found in plants living in arid environments.