List and Describe the Various Rules That Apply to Fundamental

question 9

Essay

List and describe the various rules that apply to fundamental corporate changes requiring shareholder approval.

Explain the role of phytoplankton in oceanic nutrient cycles.

Distinguish among the different biomes and understand their climatic requirements.

Understand the influence of geographical features on climate and biome distribution.

Explain the ecological role of organisms in extreme environments such as thermal vents.

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Definitions:

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected variable overhead based on standard cost.

Materials Price Variance

The difference between the actual cost of raw materials and the standard or expected cost, multiplied by the quantity of materials purchased.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected (or budgeted) variable overhead based on a standard rate.

Labor Efficiency Variance

measures the difference between the actual labor hours used and the standard labor hours expected for the production achieved, indicating labor efficiency.