Which of the Following Overhead Variances Is Correctly Paired with a Possible

question 113

Multiple Choice

Which of the following overhead variances is correctly paired with a possible explanation for that variance?

• A)Favorable spending variance - efficient use of the activity base
• B)Favorable efficiency variance - paid less than expected for variable overhead items
• C)Unfavorable efficiency variance - paid more than expected for variable overhead items
• D)Unfavorable spending variance - used variable overhead items inefficiently

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Definitions:

Precambrian Era

The Precambrian Era encompasses all of geological time prior to the Cambrian Period, covering approximately 88% of Earth's history and marked by the formation of the Earth and the appearance of early life.

Oldest Rocks

The earliest-formed rocks on Earth or within a specific geological setting, often found in the deepest layers of the Earth's crust.

Mass Extinctions

Significant global events in the Earth's history where large percentages of species die out in a relatively short period of time, often due to catastrophic environmental changes.

Geologic Timescale

A method of dating based on the chronological correlation of Earth's geological layers to time, utilized by geologists for depicting the sequence and association of historical events on Earth.