What does the variable overhead efficiency variance measure?

What will be an ideal response


The variable overhead efficiency variance measures how well the business use its variable overhead input.

Business

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On an absorption-costing income statement, fixed overhead costs are period costs.

Answer the following statement true (T) or false (F)

Business

The part of the ad that states that the company requires a general manger with three years' experience managing the staff in a successful seafood restaurant is an example of a job.

Scenario: Fresh Catch, a small, popular chain of seafood restaurants, wishes to hire a new general manager to oversee a local restaurant's day-to-day operations. The company human resources (HR) manager posts an advertisement in the local newspaper stating, "General manager wanted for a fast-paced, award-winning seafood restaurant. Applicants must have three years' experience in a comparable restaurant managing a large staff and ensuring the satisfaction of diners." In addition to making inquiries through industry contacts, the HR manager places the ad on the company's bulletin board and intranet. The HR manager then develops a pool of prospective candidates for the position and chooses from the pool of candidates when making decisions on whom to hire. A) description. B) specification. C) psychograph. D) posting. E) scope.

Business

NoSQL database management system products are very technical and can be used only bythose with a deep background in computer science

Indicate whether the statement is true or false

Business

At the beginning of the year, Heather’s tax basis capital account balance in the HEP Partnership was $85,000. During the tax year, Heather contributed property with a basis of $6,000 and a fair market value of $10,000. Her share of the partnership’s ordinary income and separately stated income and deduction items was $40,000. At the end of the year, the partnership distributed $15,000 of cash to Heather. In addition, the partnership allocated $12,000 of recourse debt and $10,000 of nonrecourse debt to Heather. What is Heather’s ending capital account balance determined using the tax basis method?

A. $116,000 B. $120,000 C. $126,000 D. $128,000 E. $138,000

Business