What Does the Variable Overhead Efficiency Variance Tell Management

question 74

Multiple Choice

What does the variable overhead efficiency variance tell management?

• A)How efficiently variable manufacturing overhead was used
• B)How efficiently fixed manufacturing overhead was used
• C)How efficiently employees applied manufacturing overhead to each unit
• D)How much of the total variable manufacturing overhead variance is due to machine hours used given the actual volume of output

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Definitions:

Virtue Ethics

An ethical theory that emphasizes the role of an individual's character and virtues in evaluating the morality of actions.

Action Guidance

Advice or instructions intended to direct or influence the decisions and actions of individuals or groups.

Justifications

Reasoning or arguments presented to show that actions or decisions were reasonable or necessary under the circumstances.

Roman Philosopher

A philosopher from ancient Rome who contributed to various fields of philosophy, including ethics, politics, metaphysics, and logic.