Answer:
The difference between the actual overhead incurred during a period and the standard overhead applied.
Explanation:
As we know that
The variance is the difference between the actual volume or amount and expected or standard volume or amount
So the overhead variance is the difference between the actual overhead incurred and the standard overhead applied
Plus if the standard is more than the actual than it would be favorable otherwise unfavorable
Therefore, the first option is correct
This is a peer review team.
Peer review is a type of oversight where people in the same group (in this case students at XYZ College) review the actions, behavior, and performance of other people in that group and try to resolve problems or hear both sides of the argument.
Answer: the correct answer is D. none of these answers is correct.
Explanation: A transfer price exists for accounting purposes when diverse divisions on a multy entity company are in charge of their own revenues.
Answer: Labor cost is a representative of greater percentage of total cost for many firms. From the data of Bureau of Labor statistics, the U.S labour cost up to 2% in 2015 in comparison to 2014.
Explanation:
A. As labor increases, average total cost and marginal cost increases as well due to the fact that labor is part of total cost of production. If labor cost represents only variable cost when firms shut down, labor cost will be save but if it represents but variable and fixed cost, labor cost can't be avoided.
B. A positive productivity growth lead to a total product curve and marginal labor curve shift upward because total output and marginal product of labor curve increases.
C. A positive productivity curve will result in an downward shift of marginal cost curve and average total cost curve because average total cost and marginal cost decreases per output.
D. If labor cost are rising overtime on average. equipments, technologies and methods that increases labor productivity will be adopted in order for total output and marginal product of labour to increase.
Planning
The Incident Command System is a management construct which functions to help resource management during incidents. It involves Mutual-Aid Agreement which is the document between agencies in writing.
The Incident Command System- Planning Section is tasked to collect, evaluate, disseminate information and prepares and documents Incident Action Plans. Documentation is one of the main responsibilities of the Planning Section.
