In a Standard Cost System,a Favorable Variance Will Appear As

question 122

Multiple Choice

In a standard cost system,a favorable variance will appear as:

• A)a credit entry.
• B)a debit entry.
• C)either a debit or a credit entry.
• D)variances do not affect journal entries.

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Definitions:

Kruskal-Wallis Test

A nonparametric statistical test used to compare three or more groups based on ranked data.

Wilcoxon Rank Sum Test

A nonparametric test that determines whether two independent samples come from the same distribution by comparing their ranks.

Population Location

Refers to the geographical distribution of members of a population across different areas.

Response Times

The duration between the initiation of a query, command, or stimulus and the system's or person's reaction or reply.