A(n)________ Refers to a JV Among Companies in Different Countries

question 39

Multiple Choice

A(n) ________ refers to a JV among companies in different countries.

• A)international joint venture
• B)equity joint venture
• C)global joint venture
• D)transnational joint venture

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Definitions:

Variable Manufacturing Overhead

The portion of manufacturing overhead costs that varies with production volume.

Variable Overhead Efficiency Variance

Variable overhead efficiency variance is the difference between the actual and budgeted variable overhead cost based on the efficient utilization of resources.

Direct Labor-hours

The amount of labor hours that can be directly attributed to the production process, serving as a basis for allocating manufacturing overhead costs in some costing systems.

Variable Manufacturing Overhead Standards

Pre-set rates used to allocate variable overhead costs to individual units of production based on expected usage criteria, such as labor hours.