Has to Do with the Efficient Use of the Activity

question 165

Multiple Choice

has to do with the efficient use of the activity base rather than the efficient use of the variable overhead itemThe variable overhead spending variance captures

• A)Whether the company has paid more or less for variable overhead items.
• B)The relative efficiency with which variable overhead items are used.
• C)Whether a company is more or less efficient with respect to the production activity,since variable overhead varies with production activity.
• D)Both whether the company has paid more or less for variable overhead items and the relative efficiency with which variable overhead items are used.

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Definitions:

Factorial ANOVA

A statistical test used to determine the effect of two or more independent variables on a dependent variable at the same time, often used to analyze the interaction between factors.

F Statistic

A ratio used in ANOVA tests, comparing the variance between group means to the variance within groups to determine whether group means are significantly different from each other.

F Value

A statistic used in ANOVA tests to determine the ratio of variance between groups to variance within groups, helping to assess the significance of group differences.

Interaction Effect

Occurs in an experiment or statistical model when the effect of two or more variables on an outcome is not simply additive but dependent on the combination of variables.