If a Deer Has No Horns, Then It Isn't a Buck

question 416

Multiple Choice

If a deer has no horns, then it isn't a buck.

• A) All bucks are deer with horns.
• B) No deer that are not bucks are deer with horns.
• C) All deer with horns are bucks.
• D) All deer without horns are not bucks.
• E) If a deer is a buck, then it has horns.

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Definitions:

Materials Price Variance

The variance between the real expense of materials and their anticipated (or standard) cost.

Direct Labor-hours

The total hours worked by employees directly involved in the production process, used as a basis for allocating labor costs to products or job orders.

Variable Overhead Efficiency Variance

The difference between the expected (standard) and actual variable overhead costs based on the actual level of an activity.

Variable Manufacturing Overhead

The portion of manufacturing overhead costs that varies directly with the volume of production, such as utilities for machinery.