Which of the Following Activities Is a Way for a Company

question 17

Multiple Choice

Which of the following activities is a way for a company to exhibit its social responsibility?

• A) making donations to causes
• B) insuring responsible manufacturing processes
• C) acting quickly when product defects are detected
• D) encouraging employees to volunteer for local causes
• E) all of these choices

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Definitions:

Variable Overhead Rate Variance

The difference between the actual variable overhead costs incurred and the expected costs based on the predetermined overhead rate.

Direct Materials

Raw materials that are directly traceable and allocable to the production of specific goods or services.

Raw Materials Price Variance

The difference between the actual cost of raw materials and the standard cost multiplied by the actual quantity used.

Raw Materials Quantity Variance

The difference between the actual quantity of raw materials used in production and the estimated quantity, which can indicate inefficiencies or savings in material usage.