Answer:
actual quantity of the cost-allocation base used and the budgeted quantity of the cost-allocation base that should have been used to produce the actual output
Explanation:
The formula to calculate the variable overhead efficiency variance is shown below:
= (Standard quantity - actual quantity) ÷ budgeted variable overhead cost per unit
In the case when the standard quantity is more than the actual one so it is favorable else unfavorable
Therefore the last option is correct
And, the other options are wrong
B is correct answer.
Because they are protecting against by the inflation risk.
Hope it helped you.
-Charlie
Have a great day!
Thanks!
Answer:
Answer is option 2. i.e. common-pool resource.
Explanation:
A common-pool resource can be understood as a public resource that is meant to provide benefits to a large group of people, but it also provides decreased benefits if each individual solely focuses on his/her own self-interest and not of the group or community as a whole. Therefore, here books in the library serve as a common-pool resource.
