Which of the Following Types of Companies Would Not Have

question 58

Multiple Choice

Which of the following types of companies would not have a need to calculate a fixed overhead volume variance?

• A) A company that uses variable costing.
• B) A company that uses absorption costing.
• C) A company that applies fixed overhead based on direct labor hours.
• D) A company that uses activity-based costing (ABC).

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Definitions:

Triple Bond

A chemical bond in which three pairs of electrons are shared between two atoms, making it stronger and shorter than single and double bonds.

Molecular Formula

A notation that shows the type and number of atoms in a molecule but not their structural arrangement.

1-Hexyne

A colorless, flammable liquid hydrocarbon with a triple bond in its structure, part of the alkyne group, used in organic synthesis.

Condensed Structural Formula

A method of describing the elements or molecules that comprise a compound and the way in which they are bonded to each other, using lines for bonds and showing minimal detail.