Which of the Following Is True of NALA

question 113

Multiple Choice

Which of the following is true of NALA?

• A) It is an association of attorneys.
• B) It is a paralegal association.
• C) It is an association of legal secretaries.
• D) All of these choices are correct.

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Definitions:

Standard Costs

Predetermined or budgeted costs for materials, labor, and overhead used for cost control and financial planning.

Materials Quantity Variance

The variance between the real amount of materials consumed in the manufacturing process and the anticipated standard amount.

Direct Materials Purchases Variance

The difference between the actual cost of direct materials purchased and the expected, or budgeted, cost.

Variable Manufacturing Overhead

Costs that fluctuate with production volume, such as indirect materials and utilities for machinery.