Enhanced Geothermal Systems

question 31

Multiple Choice

Enhanced geothermal systems

• A)generate electricity using the heat of the earth to make steam.
• B)are routinely used in China to power automobiles.
• C)use the energy of the sun to boil water and generate electricity.
• D)use gravity to propel large turbines,which generate electricity.

---

Definitions:

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead to individual units of production, based on estimated costs.

MH

Often used as an abbreviation for "machine hours," representing the amount of time machines are operated in the production process.

Variable Overhead Rate Variance

The difference between actual variable overhead incurred and the standard cost allocated based on activity level.

Variable Overhead Rate Variance

The difference between actual variable overhead costs incurred and the standard variable overhead costs expected for the actual production level.