The Current Health Care System Has Been Able to Keep

question 9

Multiple Choice

The current health care system has been able to keep pace with:
1) the number of uninsured patients.
2) expanding populations.
3) shifts in demographics.
4) degradation of the environment.
5) changes in lifestyles and value systems.

• A)1,2,3,4,5
• B)1,3,4,5
• C)2,3
• D)2
• E)None of the above

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Definitions:

Materials Quantity Variance

The difference between the expected quantity of materials needed for production and the actual quantity used, valued at standard cost.

Labour Rate Variance

The difference between the actual cost of labor and the expected (standard) cost, indicating efficiency in labor utilization.

Variable Overhead Efficiency Variance

The difference between the actual hours worked to produce an item and the standard hours expected, multiplied by the variable overhead rate.

Direct Labour Efficiency Variance

The difference between the expected hours to produce a specific number of units and the actual hours used.