In the Three-Variance Method of Factory Overhead Analysis, What Standard

question 5

Multiple Choice

In the three-variance method of factory overhead analysis, what standard cost variance represents the difference between actual factory overhead incurred and budgeted factory overhead based on actual hours worked?

• A)Volume variance
• B)Efficiency variance
• C)Budget (spending) variance
• D)Quantity variance

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Definitions:

Visual Abilities

The range of functions related to sight, including depth perception, color recognition, and the capacity to distinguish shapes and details.

Eye Chart

A visual tool used to measure a person's visual acuity or sharpness of vision, typically consisting of rows of letters or symbols.

Essential Vitamins

Nutrients that the body cannot synthesize in sufficient quantities and must be obtained from the diet to maintain health.

Track Moving Objects

The ability to monitor and follow the position and trajectory of objects in motion, commonly used in surveillance, video games, and robotics.