Variable Manufacturing Overhead Is Applied to Products on the Basis

question 225

Multiple Choice

Variable manufacturing overhead is applied to products on the basis of standard direct labor-hours. If the labor efficiency variance is favorable, the variable overhead efficiency variance will be:

• A) favorable.
• B) unfavorable.
• C) zero.
• D) either favorable or unfavorable.

Identify practices to retain high-demand employees in a competitive market.

Understand disciplinary procedures and the progressive discipline process in the workplace.

Grasp the significance of immediate and consistent discipline based on the hot-stove rule.

Recognize the importance of protecting employee privacy during workplace investigations and searches.

---

Definitions:

Risk Aversion

The behavior of preferring to avoid loss rather than making a gain, reflecting a preference for certainty over uncertainty.

Irrational Decision

A choice made that contradicts logical reasoning, often influenced by emotional factors or cognitive biases.

Status Quo Bias

The tendency to avoid making a decision.

Irrational Behavior

Actions or decisions that contradict logic or reasoning, often deviating from expected or standard behavior.