The formula for the variable overhead spending variance can be expressed as follows:
A) (AVOR - SVOR)AH
B) (AVOR - SVOR)SH
C) (AH - SH)SVOR
D) (AH - SH)AVOR
E) none of these
A
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Which of the following statements accurately describes the "relevant range?"
a. The operation range in which the firm can earn a profit. b. The operation range in which variable costs rise proportionately. c. The operation range in which fixed costs are expected to remain the same. d. The operation range which can satisfy unusual product demand.
A departmental overhead rate:
a. is preferred to a plantwide overhead rate. b. is an example of multiple overhead rates. c. is more accurate than a plantwide overhead rate. d. is calculated in the same way as a plantwide overhead rate. e. All of the answers are correct.
Sam's Bistro is a family restaurant that earns higher revenue when diners finish quickly, opening up their table for a new party. The manager is updating the atmosphere of the restaurant to entice customers to eat quickly and is repainting the interior _____, which is associated with impulsivity, and playing _____ music, which encourages customers to eat quickly and leave.
A. blue; soft pop B. red; soft classical C. green; fast pop D. blue; soft classical E. red; fast pop
The proportion of the variation in the dependent variable y that is explained by the estimated regression equation is measured by the a. correlation coefficient
b. standard error of the estimate. c. coefficient of determination. d. confidence interval estimate.