A Favourable Overhead Efficiency Variance Is the Result of

question 79

Multiple Choice

A favourable overhead efficiency variance is the result of

• A) actual outputs exceeding actual inputs within the framework of a flexible budget.
• B) standard outputs allowed for actual inputs exceeding the flexible budget inputs.
• C) the flexible budget for actual input exceeding the actual costs incurred.
• D) standard inputs allowed for actual outputs achieved exceeding the actual inputs within the framework of a flexible budget.

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Definitions:

Monopolizing Conversations

Dominating the dialogue by continuously speaking and not allowing others the opportunity to contribute.

Round Robin Method

A technique used in group discussions where each participant is given an opportunity to speak in a circulatory order, ensuring equal participation.

Team Member

An individual who is part of a group working together towards a common goal or objective.

Dysfunctional

Relates to behaviors or processes that negatively impact the effectiveness or efficiency of an organization or system.