Assuming That the Standard Fixed Overhead Rate Is Based on Full

question 138

Multiple Choice

Assuming that the standard fixed overhead rate is based on full capacity, the cost of available but unused productive capacity is indicated by the:

• A) factory overhead cost volume variance
• B) direct labor cost time variance
• C) direct labor cost rate variance
• D) factory overhead cost controllable variance

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Definitions:

General Jurisdiction

The broad authority of a court to hear virtually any type of case, without limitation to subject matter or geographic area.

State Trial Courts

Courts within a state that have jurisdiction to hear cases involving state laws and disputes.

County, District

Administrative or geographic subdivisions within a country, used for the purposes of political, administrative, or governmental management.

Minimum-Contacts Test

A legal standard used to determine whether a court has jurisdiction over an out-of-state defendant based on the defendant's activities within the state.