A Disease That Occurs Suddenly and Does Not Last a Long

question 59

Multiple Choice

A disease that occurs suddenly and does not last a long time is considered

• A)chronic.
• B)local.
• C)systemic.
• D)acute.

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Definitions:

Variable Overhead Rate Variance

The difference between the actual and the standard cost of variable overheads in a production process.

Direct Materials Purchases Variance

The difference between the actual cost of direct materials purchased and the expected (or standard) cost, used for budgeting and cost control purposes.

Standard Costs

Predetermined or budgeted costs for materials, labor, and overhead used for cost control and financial planning.

Materials Quantity Variance

The variance between the real amount of materials consumed in the manufacturing process and the anticipated standard amount.