Which of the Following Statements Is False

question 17

Multiple Choice

Which of the following statements is false?

• A)The overhead volume variance indicates whether plant facilities were used efficiently during the period.
• B)The costs that cause the overhead volume variance are usually controllable costs.
• C)The overhead volume variance relates solely to fixed costs.
• D)The overhead volume variance is favourable if standard hours allowed for output are greater than the standard hours at normal capacity.

Understand the employment law considerations relevant to business size and structure.

Know the patent laws and how they differ internationally.

Identify pitfalls and strategies for protecting business ideas and intellectual property.

Understand the definitions and applications of intellectual property (IP) terms such as trademark, patent, copyright, and trade secret.