Examlex

Solved

Insurance on a Computer Installation Is an Example of A(n)

question 87

Multiple Choice

Insurance on a computer installation is an example of a(n) ____ cost.


Definitions:

Unfavorable

A term often used in finance and accounting to describe a variance or outcome that leads to a worse financial position than expected.

Volume Variance

The difference between the budgeted volume of production or sales and the actual volume, indicating whether a business performed better or worse than expected.

Predetermined Overhead Rate

A rate calculated before a period begins, used to allocate overhead costs to products or cost objects based on a relevant activity base.

Labor-Hour

The unit of measure representing the amount of work performed by an employee in one hour.

Related Questions