Concerning Oxygen, Which of the Following Is FALSE

question 88

Multiple Choice

Concerning oxygen, which of the following is FALSE?

• A) Most life cannot function without oxygen.
• B) It helped produce the first life on Earth.
• C) It was scarce in Earth's early atmosphere.
• D) Photosynthesis produces oxygen.
• E) Most oxygen has a biological origin.

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Definitions:

Direct Labor Quantity Variance

The difference between the actual hours worked and the standard hours allowed, multiplied by the standard rate, indicating efficiency in labor usage.

Overhead Volume Variance

The difference between the expected (or standard) amount of manufacturing overhead costs given a certain level of production and the actual overhead costs incurred.

Standard Direct Labor Cost

The predefined cost associated with the labor required to produce a good or service, under normal circumstances.

Payroll Taxes

Levies placed on both employers and employees, often determined as a portion of the wages that businesses provide to their workforce.