When an Interviewer Conducts a Taste Test for a New

question 45

Multiple Choice

When an interviewer conducts a taste test for a new soft drink and asks the respondent how the product tastes,and the respondent replies: "Pretty good," and then the interviewer asks: "Why do you feel that way?",this is an example of:

• A)a neutral question
• B)an expectant pause
• C)a silent probe
• D)repeating the question

Understand the role of a job cost sheet in a job order costing system.

Compute the predetermined overhead rate using different estimates and actual costs.

Understand the allocation of overhead costs in product costing.

Recognize the importance of accurately calculating and applying overhead costs in product pricing and profitability analysis.

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Definitions:

Static Budget

A fixed budget that remains unchanged over a period, regardless of variations in actual sales volume, production levels, or other operating factors.

Variable Budget

Variable Budget is a budget that adjusts based on changes in the volume of activity, allowing expenses to vary in direct proportion to changes in operational levels.

Favorable Variances

Differences between actual and budgeted or standard costs that result in better-than-expected financial performance.

Unfavorable Variances

Differences where actual costs are higher than standard or expected costs in budgeting.