Whereas the Main Effects Compare Marginal Means, the Simple Effects

question 45

Multiple Choice

Whereas the main effects compare marginal means, the simple effects compare

• A) independent means.
• B) cell means.
• C) more significant means.
• D) less significant means.

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Definitions:

Overhead Variances

The difference between actual overhead costs incurred and the standard or budgeted overhead costs.

Variable Overhead

The indirect expenses that fluctuate with the level of production activity, such as utilities for the manufacturing plant.

Overhead Absorption Rate

Budgeted overhead divided by budgeted volume. Also called overhead application rate.

Direct Labor Hours

The total hours worked by employees directly involved in the manufacturing process.