When Organizing a Collective Action,it Is Generally True That the Larger

question 14

Multiple Choice

When organizing a collective action,it is generally true that the larger the group:

• A)the higher the costs and lower the benefits per person.
• B)the lower the costs and benefits per person.
• C)the lower the costs and higher the benefits per person.
• D)the higher the costs and benefits per person.

---

Definitions:

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the standard overhead estimated, based on the actual level of activity.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead incurred and the standard variable overhead based on the actual level of activity, reflecting efficiency in using overhead resources.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead costs incurred and the standard variable overhead costs, based on efficient use of resources.

Labor Rate Variance

The difference between the actual hourly wage paid to workers and the expected (or standard) wage rate, multiplied by the total hours worked.