Which of the Following Is Not One of the Components

question 41

Multiple Choice

Which of the following is not one of the components of an AIS?

• A)internal controls and security measures
• B)people
• C)procedures and instructions
• D)hardware

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Definitions:

Labour Efficiency Variance

The difference between the budgeted labor hours or costs and the actual labor hours or costs incurred.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead based on hours worked and the standard cost of variable overhead for those hours.

Standard Variable Overhead Rate

The predetermined rate at which variable overhead costs are applied to production activities, based on an expected level of activity.