Match the Term in the Numbered Column with the Answer

question 12

Multiple Choice

Match the term in the numbered column with the answer in the lettered column.
-Rated Capacity

• A)The number of inmates a prison can handle according to the judgment of experts.
• B)The number of inmates a prison can effectively accommodate based upon management considerations.
• C)The number of inmates a prison was intended to hold when it was built or modified.
• D)The size of the correctional population an institution can effectively hold.

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Definitions:

Standard Labour Rate

The pre-established rate per hour that a company expects to pay for direct labor.

Actual Units

The real quantity of items produced, sold, or consumed, as opposed to planned or theoretical quantities.

Variable Overhead Spending Variance

This is the difference between the actual variable overheads incurred and what was expected or budgeted, based on the actual level of production activity.

Standard Quantity

The predetermined or expected amount of materials required to complete one unit of a product, used for budgeting and costing purposes.