Peterson Inc

question 15

Multiple Choice

Peterson Inc.uses direct labour hours as the cost driver for variable overhead.In order to calculate the variable overhead spending variance,which of the following items does not need to be known?

• A) Actual overhead costs
• B) Actual direct labour hours
• C) Standard variable overhead rate per direct labour hour
• D) Standard direct labour hours allowed

---

Definitions:

Sustainability Efforts

Initiatives aimed at maintaining ecological balance and reducing environmental impact through responsible practices.

Political Barriers

Refers to government-imposed restrictions that affect international trade and investment.

Philanthropic

Pertaining to the act of donating money, goods, time, or effort to support a charitable cause, often without expecting anything in return.

Legal

Pertains to the system of rules that are created and enforced through social or governmental institutions to regulate behavior, ensuring equity, justice, and fairness in society.