The Overhead Variance Is Least Likely to Be

question 10

Multiple Choice

The overhead variance is least likely to be

• A) zero (actual overhead equals applied overhead).
• B) underapplied.
• C) overapplied.
• D) immaterial.
• E) underapplied and material.

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Definitions:

Time Clocks

Devices or systems used to record the beginning and end of employees' work hours for payroll and compliance purposes.

Centralized Decision Making

A process where all key decisions within an organization are made by a central group or individual, with little or no input from lower-level staff.

Information Transfer

The process of moving data and knowledge from one entity or place to another, often through communication or technology.

Monitoring

The act of observing, checking, and keeping a continuous record of a process or quality over a period of time.