Answer the Following Questions Using the Information Below

question 3

Multiple Choice

Answer the following questions using the information below:
Fearless Frank's Fertilizer Farm produces fertilizer and distributes the product by using his tanker trucks. Frank's uses budgeted fleet hours to allocate variable manufacturing overhead. The following information pertains to the company's manufacturing overhead data:

-For variable manufacturing overhead, there is no:

• A)spending variance
• B)efficiency variance
• C)flexible-budget variance
• D)production-volume variance

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Definitions:

Contingent Workers

Workers who are not permanent employees of a company and are hired on a temporary or contract basis.

Labor Force

The total number of people available to work, including both the employed and those actively seeking employment.

Issues Management

The process by which an organization identifies, assesses, and responds to potential or actual issues that could impact its operations, reputation, or profitability.

Economic

pertains to the production, distribution, and consumption of goods and services and how societies allocate their resources.