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Depending on the community, members of local school boards may be elected or appointed. Either way, there are some advantages and some disadvantages. Identify and discuss the advantages and disadvantages of elected members.
Labor-Hour
A measure of output or work done in terms of the time spent by an employee working, commonly used in calculating wages or production costs.
Overhead Variances
Differences between the actual overhead costs incurred and the overhead costs that were budgeted or expected.
Fixed
A financial term referring to costs that do not change with the level of production or sales, such as rent, salaries, and insurance.
Variable
Refers to a quantity that can change or vary over time or based on certain conditions.
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