Representative Wallace Is Trying to Gain Signatures for a Discharge

question 53

Multiple Choice

Representative Wallace is trying to gain signatures for a discharge petition. He knows that signatures are visible once a member signs and so he is targeting influential members first. What proportion of House members does he need to sign his petition for it to take effect?

• A) 2/3
• B) 1/4
• C) 1/3
• D) 1/2

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Definitions:

Variable Overhead Rate

This refers to the rate at which indirect, variable costs accumulate over a given period, often linked to production or activity levels.

Efficiency Variance

A measure used in cost accounting to assess the difference between actual and expected usage of resources, often related to time or cost of labor.

Budget Variance

The difference between the budgeted or planned amount and the actual amount spent or received.

Predetermined Overhead Rate

A rate calculated at the beginning of a period, used to apply manufacturing overhead costs to products based on a chosen activity base such as machine-hours or labor-hours.