Test for Relative Extrema and Saddle Points

question 78

Multiple Choice

Test for relative extrema and saddle points. ​ ​

• A) saddle point at
• B) saddle point at
• C) saddle point at
• D) relative minimum at
• E) relative minimum at

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Definitions:

Rate Variance

The difference between the expected or standard cost and the actual cost incurred for a particular expense, often analyzed in budgeting and cost management.

Budget Variance

The difference between the budgeted or planned amount of expense or revenue and the actual amount incurred or received.

Denominator Activity

The level of activity used to compute a predetermined overhead rate, representing the total amount of absorption base that is expected to be utilized.

Efficiency Variances

Refers to the differences between the actual and standard costs attributable to efficiency in using resources, often analyzed in labor and variable overhead.