The Controllable Variance Measures

question 36

Multiple Choice

The controllable variance measures

• A) operating results at less than normal capacity
• B) the efficiency of using variable overhead resources
• C) operating results at more than normal capacity
• D) control over fixed overhead costs

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Definitions:

Qualitative Forecasting

A forecasting method that uses expert opinions and other non-quantifiable information to predict future events.

Expert Opinion

Advice or evaluation from someone recognized as an authority in a specific field, often used as a credible source of information.

Future

An undefined time period that has yet to occur, encompassing all events and possibilities that are to come.

Contingency Planning

The process of preparing strategies to deal with unexpected situations that may disrupt operations or cause harm to the organization.