Match the Term or Phrase with the Best Descriptor

question 17

Multiple Choice

Match the term or phrase with the best descriptor. Use each answer once, more than once, or not at all.
-Kyoto Protocol

• A)study of ancient rocks
• B)methane and nitrous oxide
• C)model of heat exchange for Earth and atmosphere
• D)oil and natural gas
• E)process that influences the temperature of Earth's surface and atmosphere
• F)voluntary international accord to limit greenhouse gas emissions
• G)UN Framework Convention on Climate Change
• H)study of ancient climates
• I)Intergovernmental Panel on Climate Change

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Definitions:

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead costs to products or job orders, calculated by dividing estimated overhead costs by an allocation base, such as direct labor hours.

Denominator Level

A term used in cost accounting to represent the base level or quantity used in calculating rates, such as in the determination of overhead rates or per-unit costs.

Fixed Overhead

Regular, consistent costs incurred by a business that are not affected by the level of goods or services produced, such as rent and salaries.

Budget Variance

The difference between the budgeted or planned amount of expenses or revenues, and the actual amount incurred or earned.