When Seen from an Airplane,a Rainbow Sometimes Forms a Complete

question 24

Multiple Choice

When seen from an airplane,a rainbow sometimes forms a complete circle.When this happens,the plane's shadow is

• A)in the center of the rainbow.
• B)in the lower part of the rainbow.
• C)in the upper part of the rainbow.
• D)totally outside the rainbow.
• E)nowhere,for there is no shadow.

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Definitions:

Variable Overhead Rate Variance

The difference between the actual variable overhead rate incurred and the expected (or standard) rate, multiplied by the actual activity level.

Variable Overhead Rate Variance

A measure used in managerial accounting to compare the actual variable overhead incurred to the expected overhead cost based on the standard cost system.

Indirect Labor

Labor costs related to tasks that support the production environment but are not directly involved in creating the final product.

Variable Overhead Efficiency Variance

A measure used in managerial accounting to assess the efficiency of variable overhead costs incurred relative to the expected amount of those costs.