Trull Company uses a standard cost system. Variable overhead costs are allocated based on direct labor hours. In the first quarter, Trull had a favorable cost variance for variable overhead costs. Which of the following scenarios is a reasonable explanation for this variance?
A) The actual number of direct labor hours was lower than the budgeted hours.
B) The actual variable overhead costs were higher than the budgeted costs.
C) The actual variable overhead costs were lower than the budgeted costs.
D) The actual number of direct labor hours was higher than the budgeted hours.
C) The actual variable overhead costs were lower than the budgeted costs.
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Which of the following is true of direct marketing channels?
A) Direct marketing channels offer the greatest opportunity for sales communication and customer interaction. B) Direct marketing channels yield very low margins for the manufacturer. C) Direct marketing channels do not allow the manufacturer control over the sales messages and service quality. D) Direct marketing channels are most suited for inexpensive products that are bought in low quantities. E) Direct marketing channels result in the lowest out-of-pocket marketing expenses for the manufacturer.
The financial planning process begins with ________ financial plans that in turn guide the formation of ________ plans and budgets
A) short-term; long-term B) short-term; short-term C) long-term; long-term D) long-term; short-term
For the FTC to consider a practice to be unfair, it must meet a three-part test. Which of the following is NOT one of those tests?
A)The practice causes a substantial consumer injury. B)The harm of the injury outweighs any countervailing benefit. C)The consumer had no reasonable way to recoup lost funds from the injury. D)The consumer could not reasonably avoid the injury.
Changes to a project will still occur, even with good plans. The project manager
a. needs to be sure that team members casually agree to changes that may require additional person-hours. b. should estimate the effects on the project cost and schedule rather than having appropriate personnel estimate the effects of the change. c. controls the communication about the change and limits who knows a change has occurred. d. has project team members and the customer participate up front in the decision to change the project.