If the Company Is Likely to Send Parent Country Nationals

question 13

Short Answer

If the company is likely to send parent country nationals (PCNs)abroad,then prior to going abroad,the company will frequently encourage the PCNs to study the ______ and ______ of the country to which they may go.

---

Definitions:

Total Overhead Variance

The difference between the actual overhead incurred and the overhead allocated to production over a period.

Sales Price Variance

The difference between the actual selling price and the expected selling price of a product multiplied by the number of units sold.

Average Price

The mean cost of a commodity or service computed by dividing the total cost of all units purchased by the number of units.

Direct Materials Variances

The variance between the real expense of direct materials in production and their expected standard cost.