A Three-Way Overhead Variance Analysis Refers To

question 33

Multiple Choice

A three-way overhead variance analysis refers to:

• A) A variance analysis comprising three variances,including overhead spending variance,variable overhead efficiency variance,fixed overhead volume variance
• B) A variance analysis comprising three variances,including variable overhead spending variance,variable overhead efficiency variance,and fixed overhead budget variance.
• C) A variance analysis that requires managers to estimate each variance using information from three different independent sources.
• D) A variance analysis that requires managers to average the variances calculated over three accounting periods.

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Definitions:

Creche

A nursery where babies and young children are cared for during the working day.

Sudden Infant Death Syndrome

is the unexplained death, usually during sleep, of a seemingly healthy baby less than a year old.

Medulla

The innermost part of an organ or structure, especially the central part of the brainstem, responsible for regulating vital body functions such as breathing and heart rate.

Regulating Breathing

The process by which the body controls the rate and depth of respirations, primarily through the respiratory center in the brainstem.