Ancient Geologic Processes as Revealed in Paleozoic Rock Layers Were

question 11

Multiple Choice

Ancient geologic processes as revealed in Paleozoic rock layers were

• A)predominantly volcanic in origin.
• B)primarily glacial.
• C)predominantly processes of erosion and sedimentation.
• D)very similar to processes seen today.

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Definitions:

Variable Overhead Rate Variance

The difference between the actual and the standard cost of variable overheads in a production process.

Direct Materials Purchases Variance

The difference between the actual cost of direct materials purchased and the expected (or standard) cost, used for budgeting and cost control purposes.

Standard Costs

Predetermined or budgeted costs for materials, labor, and overhead used for cost control and financial planning.

Materials Quantity Variance

The variance between the real amount of materials consumed in the manufacturing process and the anticipated standard amount.