The Difference Between Actual Capacity Used and Budgeted Capacity Is

question 19

Multiple Choice

The difference between actual capacity used and budgeted capacity is called:

• A)Direct labour efficiency variance
• B)Fixed overhead efficiency variance
• C)Variable overhead efficiency variance
• D)Production volume variance

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Definitions:

Knowledge Flow

The movement of knowledge from where it is generated to where it can be utilized, encompassing the transfer and sharing of knowledge within and between organizations.

Functional Structure

An organizational design that groups employees based on their specialized roles or functions, such as marketing, finance, or operations.

Multidomestic Company

A business strategy adopted by a company that operates in multiple countries, allowing each subsidiary to act independently and tailor its operations and products to the local market.

Cross-functional Interaction

Collaboration between employees from different departments within an organization to achieve a common goal.