_____ Pertain to the Ability to Obtain,interpret,and Apply the Informationneeded

question 24

Multiple Choice

_____ pertain to the ability to obtain,interpret,and apply the informationneeded to make sound decisions.

• A)Technical skills
• B)Conceptual skills
• C)Human relations skills
• D)Political skills

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Definitions:

Variable Overhead Spending Variance

The difference between the actual variable overheads incurred and the expected variable overheads based on the standard cost for the actual production level.

Standard Variable Overhead Rate

The estimated cost per unit of the variable overheads that are expected to be incurred in the production process.

Actual Total Variable Overhead Cost

The real expense incurred for variable overheads, which fluctuates with changes in production volume.