A Company Has a Standard Cost System in Which Fixed

question 47

True/False

A company has a standard cost system in which fixed and variable manufacturing overhead costs are applied to products on the basis of direct labor-hours.A fixed manufacturing overhead volume variance will necessarily occur in a month in which actual direct labor-hours differ from standard hours allowed.

---

Definitions:

Phobias

Intense, irrational fears of specific items, creatures, or situations that pose little or no real danger.

Depression

A mood disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.

Comorbidity

The coexistence of two or more disorders or diseases in the same individual, often complicating the diagnosis, treatment, and prognosis.

Meta-analysis

A statistical technique that combines the results of multiple scientific studies to identify patterns, contradictions, or other insights.