In a Three-Variance Method of Factory Overhead Analysis, the Variance

question 74

Multiple Choice

In a three-variance method of factory overhead analysis, the variance that measures the difference between the factory overhead applied and the actual hours worked multiplied by the standard rate is the:

• A)Budget variance.
• B)Capacity variance.
• C)Spending variance.
• D)Efficiency variance.

Distinguish between the advantages and disadvantages of various appraisal methods.

Grasp the concepts of appraisal biases and how they impact performance ratings.

Recognize the importance of multiple source feedback in appraisals, especially the 360-degree feedback method.

Understand the purpose of management by objectives in performance appraisals.

---

Definitions:

Tubercles

Small, rounded projections found on various parts of plants or animals, often serving as sites for muscle attachment or other functions.

Laryngitis

Inflammation of the larynx, usually resulting in an inability or difficulty in speaking.

Respiration

The biochemical process by which living organisms exchange gases with their environment, typically involving the intake of oxygen and the release of carbon dioxide.

Tissues

Groups of similar cells in organisms that work together to perform specific functions.