In a Four-Variance Method Analyzing Factory Overhead,the Variable Factory Overhead

question 28

Multiple Choice

In a four-variance method analyzing factory overhead,the variable factory overhead efficiency variance measures:

• A)The effect of differences in the actual variable factory overhead rate and the standard variable factory overhead rate.
• B)The difference in the actual hours incurred and standard hours allowed for a given level of production.
• C)The difference between actual and applied variable factory overhead.
• D)The difference between actual variable factory overhead and budgeted variable factory overhead.

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Definitions:

Nonpreferred Workers

Employees or job candidates who may be considered less desirable by employers due to various factors such as lack of experience, education, or specific skills.

Wage Rate

The amount of money paid to an employee per unit of time, such as an hour or month, for labor or services rendered.

Employer Prejudice

Bias or discrimination by employers towards certain groups of employees or potential employees based on non-work-related personal characteristics.

Discrimination Coefficient

A measure used in economics to quantify the degree to which agents differentiate between similar goods based on non-price factors.