A Certification Law

question 31

Multiple Choice

A certification law:

• A)certifies who may use a title such as family therapist.
• B)certifies who may practice family therapy.
• C)is stronger than a licensing law.
• D)is equivalent to a licensing law.

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Definitions:

Raw Materials Quantity Variance

The difference between the expected amount of raw materials required for production and the actual amount used, evaluated in terms of cost.

Labor Rate Variance

The difference between the actual cost of direct labor and the expected (or standard) cost, based on the standard hours worked and standard labor rate.

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.