Use the Following to Answer the Questions Below

question 64

Multiple Choice

Use the following to answer the questions below:
In each of the following multiple-choice questions, characterize EACH of the three given statements as being TRUE or FALSE and then indicate the collective true-false status of the statements using the choices:
-Statements: (1) High-energy phosphate compounds contain one or more strained bonds that release above-average amounts of energy when broken.
(2) In the ETC, NADH is oxidized to NAD⁺.
(3) The "fuel" for the CAC is acetyl CoA.

• A) All three statements are true.
• B) Two of the three statements are true.
• C) Only one of the statements is true.
• D) None of the statements is true.

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Definitions:

Variable Factory Overhead

Costs that fluctuate with production volume, such as utilities and materials used in the manufacturing process.

Controllable Variance

The difference between actual expenses and budgeted expenses that management has the power to influence or control.

Factory Overhead

All indirect costs associated with manufacturing, such as utilities, maintenance, and salaries of non-direct labor, which are not directly attributed to the production of goods.

Variable Factory Overhead

Costs in the manufacturing process that fluctuate with production volume, such as materials and labor directly involved in production.