What Is an End-User

question 11

Multiple Choice

What is an end-user?

Definitions:

Variable Overhead Rate

A rate used to assign variable overhead costs to units of production, based on an activity driver such as labor hours or machine hours, fluctuating with changes in production activity.

Overhead Efficiency

The effectiveness with which a business uses its overhead expenses to produce goods or services.

Fixed Overhead Budget

A forecast of the fixed costs that a company expects to incur over a certain period, helping in planning and controlling expenses.

Fixed Overhead Volume

The portion of fixed overhead costs that reflect the difference between actual production volume and the standard or expected production volume.