For Overhead Variances, the Difference Between the Flexible Budget Amounts

question 51

Multiple Choice

For overhead variances, the difference between the flexible budget amounts and actual costs incurred is called the

• A) Efficiency variance
• B) Budget variance
• C) Favorable variance
• D) Quantity variance

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Definitions:

White League

A white supremacist paramilitary group in the United States during the Reconstruction era, which aimed to overthrow Republican state governments in the South and restore white Democrats to power.

Klan

Refers to various secret factions, historically the Ku Klux Klan, known for promoting white supremacy, racism, and terrorizing minorities.

Election of 1876

A highly contested and controversial presidential election in the United States, resolved by the Compromise of 1877, leading to the end of Reconstruction era.

Democratic Dominance

Periods in political history where the Democratic Party has maintained a majority in legislative bodies or held the presidency for consecutive terms.