Managing Pay and Payroll Is an Example of A(n)

question 88

Multiple Choice

Managing pay and payroll is an example of a(n) :

• A) Accounting Business Process
• B) Finance Business Process
• C) Marketing Business Process
• D) Human Resources Business Process
• E) Management Information Systems Business Process

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Definitions:

Fixed Overhead Volume Variance

The difference between the budgeted fixed overhead and the applied amount, revealing how well a company utilized its fixed resources.

Fixed Overhead Budget Variance

The difference between the budgeted and actual fixed overhead costs incurred during a specified period.

Fixed Manufacturing Overhead

Costs that do not vary with the level of production, such as rent, salaries of permanent staff, and depreciation of factory equipment.

Fixed Overhead Volume Variance

The difference between the budgeted and actual fixed overhead costs attributed to the variation in produced units.