A Drainage Basin

question 49

Multiple Choice

A drainage basin

• A) Includes the area from which surface water flows into a stream segment.
• B) For a river includes all the drainage basins for that river's tributaries.
• C) Increases in size and proportion to the size of the stream or river it feeds, for the same climate.
• D) All of the choices are correct.

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Definitions:

Materials Price Variance

The difference between the actual cost of materials used in production and the budgeted cost, based on standard pricing.

Total Materials Variance

The difference between the actual cost of materials used in production and the standard cost of those materials.

Overhead Controllable Variance

Overhead Controllable Variance refers to the difference between the actual indirect operational expenses incurred and the budgeted or expected overhead costs that could be influenced by management decisions.

Total Overhead Variance

The difference between the actual overhead incurred and the standard overhead assigned to production.