Correctly Match the Definition with the Correct Geologic Time Period

question 62

Multiple Choice

Correctly match the definition with the correct geologic time period.
-further increases in diversity of marine invertebrates and vertebrates; plants and fungi begin to colonize land; mass extinction at end of period; 445-490 mya

• A)Quaternary
• B)Jurassic
• C)Carboniferous
• D)Ordovician
• E)Precambrian
• F)Paleogene/Neogene
• G)Triassic
• H)Devonian
• I)Cambrian
• J)Cretaceous
• K)Permian
• L)Silurian

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Definitions:

Budgeted Costs

Estimated financial figures for revenues and expenses set during the budgeting process for a future period.

Labour Efficiency Variance

A measure used in cost accounting to determine the difference between the actual hours worked and the standard hours planned for a task, multiplied by the standard labor rate.

Variable Overhead Efficiency Variance

A metric that measures the difference between the actual variable overhead cost incurred and the standard cost expected for the actual production level.

Variable Overhead Efficiency Variance

A measure in managerial accounting that evaluates the efficiency of variable overhead resource utilization by comparing the actual hours worked to the standard hours allowed for the actual production achieved.