$\left\{\begin{array}{l}2 x+y=1 \\2 x+y=3\end{array}\right.$ A) $( 1,3 )$ B) $\left( \frac { 1 } { 2 } , 0 \right)$

question 24

Multiple Choice

$\left\{\begin{array}{l}2 x+y=1 \\2 x+y=3\end{array}\right.$

• A) \(( 1,3 )\)
• B) \(\left( \frac { 1 } { 2 } , 0 \right)\)
• C) \(\left( \frac { 3 } { 2 } , 0 \right)\)
• D) \(\varnothing\)

---

Definitions:

Direct Labor Costs

Expenses related to the wages of employees who are directly involved in the production of goods or services.

Fixed Manufacturing Overhead

Manufacturing costs that do not vary with the volume of production, such as building lease payments or salaries of factory supervisors.

Work in Process

Inventory that includes all the materials, labor, and overhead costs for products that are in the production process but not yet complete.

FOH Budget Variance

is the difference between the budgeted factory overhead costs and the actual overhead costs incurred.