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Mahatma Mohandas Gandhi, Considered by Many as India's Founding Father

question 20

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Mahatma Mohandas Gandhi, considered by many as India's founding father, was the spiritual and political leader for Indian people through the first decades of the twentieth century. What type of leadership did he characterize?


Definitions:

Variable Overhead Rate Variance

The difference between the actual variable overhead costs incurred and the standard cost expected for the actual production volume.

Direct Labor-hours

The total hours of labor directly involved in the production of goods, often used as a basis for allocating manufacturing overhead in process costing.

Variable Manufacturing Overhead Standards

Pre-established rates or quantities that are used to assign variable overhead costs to products based on levels of activity such as labor or machine hours.

Variable Overhead Rate Variance

The variance between the actual variable overhead costs that were incurred and the anticipated variable overhead calculated according to the real amount of activity.

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