Examlex
Which is strongest for internal control?
Variable Overhead Efficiency Variance
The difference between the actual level of activity (direct labor-hours, machine-hours, or some other base) and the standard activity allowed, multiplied by the variable part of the predetermined overhead rate.
Predetermined Overhead Rate
An estimated rate used to allocate manufacturing overhead costs to individual units of production, based on activity levels such as labor hours or machine hours.
Actual Level Of Activity
The real measure of how much work is performed or output is produced in a given period, often compared to planned or standard levels of activity.
Standard Activity
A benchmark or base level of activity used for planning, measuring, and controlling performance.
Q10: Ada Marion earns a salary of $7,500
Q14: What types of payroll frauds might be
Q26: An extremely drunk physics student, while on
Q28: A particle confined to motion along the
Q36: The apparent weight of a fish in
Q46: A car originally travelling at 30 m/s
Q51: The tax that is paid equally by
Q141: The basic principles of an accounting information
Q248: MST3K Company established a $50 petty cash
Q257: A remittance advice attached to a company