A Variable Overhead Efficiency Variance Could Be Caused by

question 73

Multiple Choice

A variable overhead efficiency variance could be caused by

• A)using a poor quality material that needs more labor time to meet production standards.
• B)not taking a quantity discount.
• C)paying more than the standard rate for labor.
• D)price increases on the materials.

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Definitions:

Endorse

means to give public support, approval, or recommendation to something or someone, often seen in the context of celebrities endorsing products or political figures.

Check

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer.

Shelter Principle

A legal doctrine in property law that allows a person who acquires property in good faith and without notice of prior claims to be protected from those claims.

Holder

In financial terms, an individual or entity that possesses a negotiable instrument, such as a check or bond, legally.