Bert and Kathy Live in Houston

question 33

True/False

Bert and Kathy live in Houston.However,Bert has sued Kathy for divorce.As part of the proceedings,Bert is seeking custody of Julia,their child.Fearing she might lose custody of Julia,Kathy takes Julia to El Paso to stay with her mother.Kathy can avoid a conviction for interference with child custody if she returns Julia to Houston within three days.

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Definitions:

Labour Efficiency Variance

The difference between the actual labor hours used in production and the standard hours expected, multiplied by the standard labor rate.

Standard Costing

A cost accounting method that uses standard costs—the expected costs of labor, material, and overhead—to compare against actual costs.

Variable Overhead

encompasses the costs of production that vary with the level of output, such as utilities and materials, as opposed to fixed overheads.

Direct Labour Hours

The total hours worked by employees directly involved in the manufacturing process of a product.