A Company Has a Standard Cost System in Which Fixed

question 2

True/False

A company has a standard cost system in which fixed and variable manufacturing overhead costs are applied to products on the basis of direct labor-hours. A fixed manufacturing overhead volume variance will NOT necessarily occur in a month in which actual direct labor-hours differ from standard hours allowed.

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Definitions:

Larynx

The voice box, located in the neck, which contains the vocal cords and is involved in breathing, producing sound, and protecting the trachea against food aspiration.

Cartilages

A type of flexible connective tissue found in various areas of the body like joints, rib cage, and ear, offering support and structure.

Upper Respiratory Tract

The part of the respiratory system that includes the nose, nasal passages, pharynx, and larynx, which serve as entryways for air into the body.

Pharynx

A muscular tube that connects the mouth and nasal passages to the esophagus and larynx, serving both respiratory and digestive functions.