Determine Whether the Proportion Is True or False $\frac { 1 } { 3 } = \frac { 4 } { 8 }$

question 42

True/False

Determine whether the proportion is true or false. $\frac { 1 } { 3 } = \frac { 4 } { 8 }$

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Definitions:

Overhead Spending Variance

The difference between the actual overhead expenses incurred and the overhead expenses budgeted or planned for a period.

Overhead Efficiency Variance

A metric used to assess the efficiency of overhead expenses in relation to the level of production or activity achieved.

Standard Costing

A costing method that assigns average costs to each production unit, based on estimated direct materials, labor, and overhead costs.

Variable Overhead

This consists of expenses that vary with production output, including costs not directly tied to manufacturing but essential for operation.