The Penetration of Mobile Phones Is Changing the Way We

question 16

Multiple Choice

The penetration of mobile phones is changing the way we do business because:

• A) The cost of phones is low
• B) Increasing sophistication of phones
• C) We can send text instead of voice
• D) People are more connected and able to share more information

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Definitions:

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected overhead based on standard costs.

November

The eleventh month of the Gregorian calendar, following October and preceding December.

Variable Overhead Efficiency Variance

The difference between the expected and actual variable overhead costs, based on the efficient use of production resources.

Variable Overhead Efficiency Variance

The difference between the budgeted and actual variable overhead costs, attributable to differences in the efficiency of utilizing resources.