After the Aftermath of the Tragedy Involving Fire in Garment

question 3

Multiple Choice

After the aftermath of the tragedy involving fire in garment factories in Bangladesh,Walmart implemented a "zero-tolerance policy." The Workers Rights Consortium,International Labor Organization and other groups monitoring labor issues are stepping up pressure on the companies that participate in the global garment supply chain due to the following reasons,except:

• A) retailers pay lip service to concerns about factory safety.
• B) retailers continue to focus on low prices.
• C) those auditing facilities are audited by BSCI's qualified engineers.
• D) the buyers and consumer are willing to pay more for garments.
• E) retailers do not provide funds for fire safety training.

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Definitions:

Overhead Costs Applied

Refers to indirect costs allocated to a cost object (like a project, product, or department) using a predetermined rate.

Overhead Volume Variance

A measure used in management accounting to analyze the difference between budgeted and actual overhead costs, attributable to variations in the level of production or operation.

Fixed Overhead Costs

Refer to the recurring, static expenses associated with operating a business that do not fluctuate with production levels or sales volumes.

Overhead Controllable Variance

The difference between the actual overhead costs incurred and the expected (standard) overhead costs that should have been incurred, given the level of output.