A ________ Refers to One Type of Organizational Structure in Which

question 48

Short Answer

A ________ refers to one type of organizational structure in which functions are grouped together to serve the needs of products, markets, or geographical regions.

---

Definitions:

Variable Overhead Efficiency Variance

The difference between actual variable overhead based on the hours worked and the standard variable overhead for the same activity level.

July

The month that is positioned seventh in the Gregorian calendar year.

Raw Materials Quantity Variance

The difference between the actual quantity of raw materials used in production and the standard quantity expected to be used, multiplied by the standard cost per unit of raw material.

Raw Materials Price Variance

The difference between the actual cost of raw materials purchased and the standard or expected cost, reflecting variances in purchase prices.