One Purpose of the Administrative Procedure Act Is to __________

question 78

Multiple Choice

One purpose of the Administrative Procedure Act is to __________.

• A) ensure opportunities for public participation in the rule-making process
• B) give federal agencies greater discretion in the rule-making process
• C) streamline bureaucratic activities in the rule-making process
• D) give the president greater control over the rule-making process
• E) discourage agencies from drafting new regulations

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Definitions:

Total Variable Overhead Variance

The difference between the actual variable overhead incurred and the standard variable overhead allocated for the output achieved.

Standard Costing System

An accounting method that applies estimated costs to product costs for the purposes of budgeting and inventory valuation.

Direct Labour-Hours

The total hours worked by employees directly involved in manufacturing a product.

Variable Manufacturing Overhead

Manufacturing costs that vary in total directly with changes in production volume, such as utility costs or raw material consumptions.