Even People Who Are Turned Off by Tables of Numerical

question 11

Multiple Choice

Even people who are turned off by tables of numerical data are often willing to study a

• A)check sheet.
• B)bar chart.
• C)spreadsheet.
• D)table.

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Definitions:

Labor Quantity Variances

The difference between the actual hours worked and the standard hours expected for the actual production level, valued at the standard labor rate.

Variance Report

A document that compares actual financial performance to budgeted or planned financial performance, identifying differences.

Overhead Controllable Variance

The difference between the actual and budgeted overhead costs that management has control over, indicative of operational efficiency.

Overhead Volume Variance

The difference between the budgeted manufacturing overhead for the actual production volume and the actual manufacturing overhead incurred.