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:

Role Conflict

A situation in which an individual faces competing expectations from different roles they occupy in society, causing stress or dilemmas.

Role Strain

The stress or tension experienced by an individual when conflicting demands are made on the person within the same role.

Role Inconsistency

The conflict or strain experienced by an individual when the expectations of different roles they occupy clash or are incompatible.

Social Rank

The position or standing of an individual or group within the social hierarchy of a society.