Assuming That the Standard Fixed Overhead Rate Is Based on Full

question 127

Multiple Choice

Assuming that the standard fixed overhead rate is based on full capacity, the cost of available but unused productive capacity is indicated by the

• A) fixed factory overhead volume variance
• B) direct labor time variance
• C) direct labor rate variance
• D) variable factory overhead controllable variance

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Definitions:

Big Five Model

A theory in psychology proposing five core dimensions of human personality: Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism.

Tolerant

Characterized by an acceptance or endurance of differing views, beliefs, or behaviors without undue criticism or prejudice.

Extroversion And Sensing

Personality traits that involve being outgoing, energetic, and focusing on the external, tangible world.

Tangible

Refers to something that is touchable, material, or capable of being physically handled or measured.