The Responsibility Margin Is Calculated By

question 31

Multiple Choice

The responsibility margin is calculated by:

• A)Subtracting fixed costs traceable to a center from its contribution margin.
• B)Subtracting common fixed costs from the contribution margin.
• C)Subtracting variable costs from sales.
• D)Subtracting common fixed costs from variable costs.

Understand the relationships between electrical units (coulomb, ampere, ohm, volt, watt).

Explain the effects of resistance in a circuit.

Calculate current, voltage, and resistance in electrical circuits.

Recognize the safety functions and importance of grounding in electrical circuits.

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Definitions:

Labor Efficiency Variance

The difference between the actual hours worked and the standard hours expected to produce a certain level of output, valued at the standard labor rate.

February

The second month in the Gregorian calendar, recognized for its 28 days in regular years and 29 days during leap years.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead based on hours worked and the standard cost of variable overhead for the actual hours worked.

Variable Overhead Rate Variance

The difference between the actual variable overhead costs incurred and the standard costs expected for the actual production level.