Which Form of Preferential Treatment Is Practiced When a Firm

question 1

Multiple Choice

Which form of preferential treatment is practiced when a firm increases minority representation by hiring one minority for each nonminority hired?

• A) One-for-one hiring
• B) Extra consideration in hiring
• C) Minority positions
• D) Differential standards

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Definitions:

Standard Quantity

The predetermined amount of materials or resources expected to be used in the production of a product.

Variable Manufacturing Overhead

Indirect production costs that fluctuate with the level of output, including utilities and supplies that vary with production volume.

Labor Rate Variance

The difference between the actual hourly labor rate and the standard rate, multiplied by the number of hours worked during the period.

Overhead Rate Variance

Overhead Rate Variance is the difference between the actual overhead costs incurred and the overhead costs allocated based on a predetermined rate.