Explain Why There Is No Efficiency Variance for Fixed Manufacturing

question 152

Essay

Explain why there is no efficiency variance for fixed manufacturing overhead costs.

Grasp the stages and psychological aspects of aging, including Erikson's theory of generativity versus stagnation.

Understand the characteristics, progression, and coping mechanisms related to terminal illness, specifically the stages of dying according to Kübler-Ross.

Identify different parenting styles and their impact on adolescent psychosocial development.

Understand the impact of technology, including genetically modified seeds, on agricultural productivity and environmental sustainability.

---

Definitions:

Non-Controlling Interest

A portion of the equity in a subsidiary not owned by the parent company, typically shown separately in the consolidated financial statements.

Net Income

The total earnings of a company after deducting all expenses and taxes from revenue, indicating the company's profit.

Intercompany Profit

Profits that arise from transactions between companies under common control, which may need to be eliminated in consolidated financial statements.

Unrealized Profits

Gains on transactions that have occurred but have not yet been realized through the receipt or payment of cash.