The ________ Is the Difference Between the Actual Machine Hours

question 97

Multiple Choice

The ________ is the difference between the actual machine hours run and the standard machine hours allowed for the actual production volume.

• A)production volume variance
• B)overhead flexible budget variance
• C)variable overhead efficiency variance
• D)both A and C

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Definitions:

Net Income

The remaining earnings of a business after subtracting all expenditures and taxes from its total income.

Financial Position

A snapshot of a company's assets, liabilities, and equity at a specific point in time, indicating the financial health and stability of the entity.

Operating Cash Flow

The cash generated from a company's normal business operations, reflecting how much cash is generated from revenues after operating expenses.

Tax Rate

The specified percentage of incomes that the government earmarks for collection from individuals or corporations as taxes.