If You Were Driving Down the Highway and Saw Mountains

question 162

Multiple Choice

If you were driving down the highway and saw mountains composed of layered strata,you could be confident that you were looking at

• A)batholiths or laccoliths.
• B)sedimentary rocks.
• C)extrusive igneous rock.
• D)a shield volcano.

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Definitions:

Standard Machine-Hours

A predetermined amount of time that should be required to complete a task or produce a product on a machine, used for planning and efficiency analyses.

Variable Overhead Efficiency Variance

The difference between the actual hours taken to produce something and the standard hours expected, multiplied by the variable overhead rate per hour.

Manufacturing Overhead

All indirect costs associated with manufacturing a product, excluding direct materials and direct labor costs.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected (or standard) cost based on the actual level of activity.