The Variable Overhead Spending Variance Combines ________ and ________ Effects

question 68

Multiple Choice

The variable overhead spending variance combines ________ and ________ effects.

• A) price; quantity
• B) price; efficiency
• C) efficiency; sales activity
• D) rate; sales activity

---

Definitions:

Nationalization

The process by which a government takes control over a privately-owned company or industry.

Rule of Law

The principle that all members of a society, including those in government, are equally subject to publicly disclosed legal codes and processes.

Infrastructure

The basic physical and organizational infrastructure and services such as buildings, roads, and power facilities required for the functioning of a society or business.

Human Capital

The collective skills, knowledge, and other intangible assets of individuals that can be used to create economic value.