When Actual Capacity Exceeds Expected Capacity,the Result Is A(n)

question 40

Multiple Choice

When actual capacity exceeds expected capacity,the result is a(n)

• A)favorable fixed overhead volume variance.
• B)favorable materials quantity variance.
• C)unfavorable overhead variance.
• D)unfavorable materials quantity variance.

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Definitions:

Markets

Places or systems in which parties engage in the exchange of goods, services, or information, driven by supply and demand.

Circular-Flow Diagram

A graphical representation illustrating the flow of funds among households, companies, and the government within an economy.

Factors Of Production

Inputs necessary for the creation of goods and services, including labor, land, capital, and entrepreneurship.

Circular-Flow Diagram

A visual model of the economy that shows how dollars flow through markets among households and firms, illustrating the interactions between key sectors of the economy.