What Are the Two Variances for Variable Overhead

question 47

Multiple Choice

What are the two variances for variable overhead?

• A)spending and efficiency variances
• B)budget and spending variances
• C)volume and budget variances
• D)efficiency and volume variances

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Definitions:

Frustration-Regression

A psychological phenomenon where individuals facing obstacles or frustration regress to earlier behaviors to cope.

ERG Theory

A theory developed by Clayton Alderfer that categorizes human needs into three groups: Existence, Relatedness, and Growth, as a modification of Maslow's hierarchy of needs.

Lower-Level Need

A category of basic physiological or safety needs in a hierarchy that must be satisfied before an individual can focus on higher-level needs.

Motivator Factors

Aspects of a job that can lead to positive job satisfaction, including achievements, recognition, and the work itself.