Graphs Should Be Used Instead of Tables for All of the Following

question 103

Multiple Choice

Graphs should be used instead of tables for all of the following except:

• A)comparing points and patterns of different variables
• B)forecasting activities
• C)reading individual data values
• D)detecting trends over time

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Definitions:

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the standard overhead estimated, based on the actual level of activity.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead incurred and the standard variable overhead based on the actual level of activity, reflecting efficiency in using overhead resources.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead costs incurred and the standard variable overhead costs, based on efficient use of resources.

Labor Rate Variance

The difference between the actual hourly wage paid to workers and the expected (or standard) wage rate, multiplied by the total hours worked.